Bond Issues

Discussion in 'Discussion Group' started by KDsGrandma, Apr 24, 2007.

  1. KDsGrandma

    KDsGrandma Well-Known Member

    This deserves a thread of its own, don't you think? ;)

    I'm sorry, I don't have a link, I cannot find anything online! Here are the 3 bond issues that will be on the ballot:

    1. Johnston County Recreation, $3.7 million
    Towns:
    Smithfield $475,000
    Clayton 475,000
    Selma 291,000
    Benson 205,000
    Four Oaks 175,000
    Kenly 150,000
    Pine Level 150,000
    Princeton 150,000
    Wilson's Mills 150,000
    Micro 125,000

    Rural Athletic associations or Community Organizations
    Cleveland $335,000
    McGee's Crossroads 300,000
    Meadow 225,000
    Archer Lodge 225,000
    Corinth 110,000
    Glendale Chapel 110,000


    2. Johnston County School System, $99 million

    New High Schools:
    Corinth-Archer area
    Cleveland area

    New elementary schools:
    Clayton area
    Princeton area

    Additions:
    Riverwood Elementary
    Riverwood Middle

    Renovations:
    North Johnston
    South Johnston
    Princeton
    Smithfield-Selma
    Clayton


    3. Johnston Community College, $10 million
    Additions: Allied Health Building
    New Library
     
  2. kaci

    kaci Well-Known Member

    Thanks kdsgrandma, that is why i asked, i couldn't find anything either:shock:
     
  3. kaci

    kaci Well-Known Member

    BTW, i am interested in hearing what some of you guys views on these bonds are.
     
  4. harleygirl

    harleygirl Well-Known Member

    I still say that I want my taxes back from paying into the school system when I dont even like kids! :mrgreen:
     
  5. Kelyel

    Kelyel Well-Known Member

    HG- Please vote!

    well, everyone else VOTE too!

    If you DO NOT LIKE it VOTE....likewise also!

    - Kel
     
  6. KDsGrandma

    KDsGrandma Well-Known Member

    What's the alternative? Does anybody know? They say they can do it without a tax increase. We need the schools, don't we? The bulk of the money goes to elementary and high schools. If the population of Johnston County is 120,000 (I think that's about right) then the total bond issue comes to about $939 per person. Total. For schools and recreation. Just throwing out some random thoughts, don't know if it helps or not. :?

    Pat
     
  7. Hught

    Hught Well-Known Member

    Are the dreaded "Year Round Schools" and alternative if we choose not to build anymore? Or do we just order more trailers?
     
  8. claytonsassy

    claytonsassy Well-Known Member

    the needs are critical for all three of these bond issues -- however the passing of these bonds only takes care of immediate needs -- there seems to be NO LONG TERM planning by the commissioners as to how to address FUTURE growth -- we keep borrowing (essentially what a bond is) -- the well is not bottomless -- we haven't begun to pay off the past bonds -- the commissioners keep saying this is a great way to finance these projects because they won't raise property taxes however at some point the bonds become due --
     
  9. Vitameatavegemin

    Vitameatavegemin Well-Known Member

    OK, a bunch of questions:
    Didn't we just have a bond a few years ago?
    Is this part 2 of the same one?
    How long does it take to build a high school (I'm hoping a while, because I want my kids to STAY at West)?
    Who decides what the 'recreation' money is used for, since we are not really a town? (I vote for a public pool!)
     
  10. KDsGrandma

    KDsGrandma Well-Known Member

    I wish I could answer all your questions. I'm searching for answers, and will let you know when I get them. Meanwhile, here's an article about the bonds from the Clayton paper.

    Pat
     
  11. Kelyel

    Kelyel Well-Known Member

    Strange that there has been so little in the local press about the Bond votes. Remember there are 3 to vote for or against.

    - K
     
  12. Pirate96

    Pirate96 Guest

    no, they are hoping no one knows about it and only the people that want them show up so they pass. Why else choose May 8?
     
  13. Cleopatra

    Cleopatra Well-Known Member


    And golly-gee, what about that Education Lottery for school construction?
     
  14. froggerplus

    froggerplus Well-Known Member

    Building the high schools is more of a long term thing. By the time they're build, the need for them will be there in spades. Right now, there's not a great need.
     
  15. froggerplus

    froggerplus Well-Known Member

    Vita~

    Yes, this is part 2 of the bond thing. I *think* it's in 3 parts, but can't remember.

    The plan is a 10 yr plan. The building of the high schools won't effect yourt kids if they're at West right now.

    Since WE AREN'T A TOWN/CITY etc, the Count Commissioners decide what the recreation $$ is used for. If we want to stop them, we have to become OUR OWN.


    Frogger
     
  16. shar824

    shar824 Well-Known Member

    Can somebody tell me how these bonds work? I know they are technically borrowing money, but how are they able to not raise our property tax?

    Thanks,
    Sharon
     
  17. KDsGrandma

    KDsGrandma Well-Known Member

    Grace, see message # 1 and # 11 in this thread. ;)

    Pat
     
  18. KDsGrandma

    KDsGrandma Well-Known Member

    Sharon, I think it's like trading cars when you get one paid for - maybe you can do it without increasing your payments, but if you had not traded, your payments would go away. We have always, apparently, used bonds to build schools, so as we get the older ones paid for and issue new bonds to build more, we pay on the new bonds from the money we no longer have to pay on the old ones. That's probably over-simplified, but that's the idea.

    Pat
     
  19. shar824

    shar824 Well-Known Member

    Thanks Pat, that makes sense, so then I guess I can assume Johnston County paid one off this year and they are replacing it with another?

    Thanks,
    Sharon
     
  20. All Children First

    All Children First Well-Known Member

    bond

    The recreation money for the Cleveland area is for GCAA to improve the fields at the old Cleveland school, build the restroom facilities, and improve the fields at West View.

    The new elementary school in Clayton will be to reduce the populations at Cooper, East Clayton, and possibly West Clayton (very few students affected at West Clayton most likely.

    Whether or not the bond passes, these schools will be built. If the bond doesn't pass, the county commissioners will probably vote to raise property taxes or they'll go to the legislature for the sales tax increase other counties have done.
     

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