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Bonds

WHAT IS A BOND?

The Pocatello/Chubbuck School District 25 does not currently have a bond. The most recent bond was voter-approved to build Century High School in 1997.

Bonds are a form of long-term borrowing that Idaho public school districts may use to finance large capital projects, such as building new schools, renovating existing facilities, or improving infrastructure like heating, air conditioning, and technology. When a bond is approved by voters, the district can issue the bonds to raise the needed funds, which are then repaid over time with interest through local property taxes.

The primary purpose of these bonds is to provide school districts with the financial resources necessary to maintain safe, modern, and functional learning environments without needing to draw on their operating budgets, which are primarily used for day-to-day expenses, including teacher salaries, supplies, and utilities.

Learn more about PCSD 25’s voter-approved levies:

School Plant Facilities Levy

Supplemental Levy

Building Century High School

Special Bond Election 

March 4, 1997

Shall the Board of Trustees of School District No. 25 be authorized to issue the general obligation school bonds of said district to the principal amount of not to exceed $27,500,000, to be determined by the Board of Trustees, to become due in such installments as may be fixed by the Board of Trustees, the final installment to fall due not more than twenty (20) years from the date of the bonds, for the purpose of financing the costs of acquiring, purchasing, or improving a school site, and building, furnishing, and equipping a new high school and renovating the existing Pocatello High School, including all lighting, heating, ventilation and sanitation facilities and appliances necessary to maintain and operate said buildings and facilities, all as provided in the resolution of the Board of Trustees adopted on January 14, 1997?

District's Financial Condition in 1997

  • The District had no indebtedness.
  • The interest rate was anticipated to be 5.40% per annum.
  • The range of anticipated rates was from 4.0% to 9.0% per annum.
  • The total amount to be repaid over the life of the bond, principal, and interest based on the anticipated interest rate, was estimated to be $46,224,966.