R-I board approves sale of $5 million general obligation bonds/sets tax levy

By Tammy Witherspoon
Posted 8/29/23

Wednesday, Aug. 23, the Eldon school board approved a resolution authorizing  the sale of $5 million in general obligation bonds to L.J. Hart and Company, St. Lous as its municipal bond underwriter. 

Eldon R-I patrons approved a $5 million no tax increase bond issue last April to add more classrooms at South School and Eldon Upper Elementary. The bond is providing funds for site development, construction, equipping and furnishing the new classrooms.

The bonds were approved by approximately 80.84 percent of the voters. 

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