(Pocatello for Accountable Government Entities, October 16, 2023)
Do you see what we see in the statute?
Is it a direct contradiction to Idaho Statute 33-911 to first apply the new state School District Facility Fund dollars toward a NEW BOND as proposed in the ballot?
In our opinion, this one-page Idaho Statute 33-911 (created by HB292) clearly enumerates a REQUIRED 4-stage PRIORITY ORDER for the application of School District Facility Funds which identifies a significantly different priority order between an “EXISTING” bond (1st Priority) and a “NEW” bond (4th Priority).
Reclassifying a “NEW” bond as an “EXISTING” bond is what enabled the SD25 Bond language to include this statement: “Consequently, the actual estimated tax impact of the bond is $0 per $100,000 of taxable assessed value, per year, based on current conditions.”
What are we supposed to think?
There are only a few scenarios to consider, unfortunately none reflect positively on School District 25.
We’re disillusioned and deeply disappointed.
