Rainier Bond Frequently Asked Questions
Bond Basics and Proposed Projects
A bond issue is used by a public school district to finance school facility projects or other capital projects. Oregon does not provide districts funding for capital projects. Measures are placed on the ballot along with information about the specific projects that would be completed by the district if approved by the voting public.
If passed, the bond would invest $49 million into Rainier School District #13 plus an additional $4 million in matching grants from the state that RSD has been tentatively awarded.
The bond would cost an estimated $2.60 per $1,000 of assessed home value. For example, owners of a home with an assessed value (not market value) of $150,000 could expect to pay $390 more per year or less than $33 more per month.
The last bond measure to pass in Rainier was in 1978. Since then, the district has not been drawing taxes for facility improvements.
Funding Information
Community Impact
Large-scale construction projects similar to those in this bond proposal can have many positive impacts on the local economy. A typical new school construction project will employ hundreds of people during the design and construction phases.
Additional indirect benefits to the economy can come from increased patronage to local restaurants, stores and service providers. School construction projects also provide fee revenue for the city.
A community with good schools can positively affect home values, area pride, business attractiveness and help shape the future workforce. Students can go on to be skilled workers and engaged citizens who contribute to the local economy and community in various ways.
School facilities provide community organizations gathering spaces for sporting activities and various events.