SRC Moves Forward on 4.3 Mil. Bond Issue
Spoon River College moved one step closer to realizing something that was included in the original plans for its Canton Campus.
The Spoon River College Board of Trustees plans on approving the sale of 4.3 million dollars in bonds to build a new multipurpose facility in November.
That’s after the board held a mandatory public hearing on the bond issue this week, which none of the public attended.
President Curt Oldfield said the facility will include a gymnasium and locker rooms.
"It was in the original plans for the college when it was built in 1972 to have a similar type of facility, and it was reduced from the plans when the expenses came in too high for what the budget was able to build at the Canton campus," Oldfield said.
The panel also adopted a resolution of intent to raise property taxes to the new maximum level the state just approved for community colleges. He said the state puts out a new level based on statewide property taxes every year and the increase would simply make Spoon River's rate match the newly released figure.
Oldfield says that would add around 112 thousand dollars to the budget for the 2015 fiscal year.