LATHROP, MO — Lathrop’s outdoor high school athletic facilities, despite KCI Conference and District titles in several varsity sports over the last several years, remain unchanged for decades. With the economy hopefully showing a rebound, and enrollment in the Lathrop schools increasing, the original plans to build outdoor sports facilities on the high school grounds have reemerged. Superintendent Chris Fine presented bond-refinancing options at the June Board of Education meeting. With a proposed interest rate of 3%, Fine pointed out three options that could save the district up to $1 million, while weighing finance options for sport facilities. The key to this decision will be whether or not the school board is willing to ask the voters for an increase in debt service on the tax levy, up to an additional 10-cents at the time of the bond issue vote, likely three to four years down the road. Lathrop District residents currently pay $.6725 per $100 of assessed valuation for debt repayment.
This website brought to you in part by the following sponsor:
Find out how to advertise here - Email us! [email protected]