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LRSD Board Agrees on List of Projects to Present to Voters for Extension of Debt

(August 19, 2021) The Little Rock School District Board approved a recommendation by the administration to move forward with list of proposed facilities projects for which to seek voter approval and an extension of LRSD’s debt.  A “yes” vote would help generate up to $300 million in construction funds to be issued over a three-year-period with the goal of enhancing LRSD facilities. Stakeholders may recall that a Fanning Howey study in 2014 identified $300 million worth of facilities needs at LRSD.  The list of projects was approved following community input and several town hall meetings.  The District is asking voters to refund the December 1, 2015 and December 15, 2015 bond issues, and to extend existing debt service mills by 19 years to 2052. 

(To see a draft of the proposed projects, watch LRSD Board Work Session:  https://youtu.be/USogeBavWwI or click on the following link for Debt Service Extension Projects. Click on this link for more on the Bond Options.   Click here for additional information regarding the proposed extension: https://littlerock.novusagenda.com/Agendapublic/ - 7.22.21, page 90)

LRSD Debt Service Millage Project list

Accessible version of project list above