Mat-Su Borough Presents $214 Million School Bond Package

The proposed bonds represent an $87 million increase to the package previously approved by the Mat-Su School Board and superintendent.

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By KTVA CBS 11
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Story Created: Aug 12, 2011 at 3:25 PM AKDT

Story Updated: Aug 12, 2011 at 3:25 PM AKDT

The Mat-Su Borough Assembly is asking voters to pick up the tab for area school renovations.

This week, the Assembly proposed $214 million in school bonds, an $87 million increase to the package previously approved by the Mat-Su School Board and superintendent.

If approved during the Borough's October 4 election, the bonds would cost individual taxpayers $154 annually.

State funds would account for 70 percent of bond project costs, including renovations to several schools throughout the district, including Valley Pathways School in Palmer and Big Lake Elementary School.

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