REVENUE BONDS: DMPS To Improve Facilities

Posted on: 6:37 pm, March 14, 2013, by

des_moines_schools

The Des Moines School District is taking a $70-million loan in order to make improvements to facilities.

The school board recently approved the first step in selling $70-million in sales tax revenue bonds.

The bonds will be paid off using the one-cent local option sales tax.

In 2013 Des Moines will collect $27-million from the tax.

Planned improvements include new buildings, new windows, electrical upgrades, and security measures.

Construction will begin next year.

twitter-80x801
Follow Channel 13 News on Twitter

Headlines @WHOtv Behind-the-Scenes @WHOhd