Bowling Green High School is the district's next priority for construction and renovation. BGHS was built in the early 70s and construction cost $3.2 million. Both current and future construction plans will be based on the District’s bonding potential. In an effort to increase the district's bonding potential, the Bowling Green Independent Board of Education has adopted a General Fund rate of 83.5 cents. Of this rate, 5.4 cents is subject to recall.
Construction costs to BGISD since 2000 have totaled over $70 million. All elementary schools and BGJHS have been built or had major renovations over the last 17 years. BGHS is approaching 50 years old, and phasing in renovations over several years, the school could have areas more than 70 years old before the project is complete. Estimates for the first phase of renovation and addition of the school are between $15 million and $27 million.
Priorities of BGHS Renovation, Phase One:
• LEAD Academy (all freshman)
• Fine Arts Classrooms
• Science Classrooms/Labs
• Medical Arts Academy
How to Pay for BGHS Renovation & Construction?
School districts are limited in ability to increase revenue. Each year, school districts may increase local taxes to net 4% increase in revenue.
Nickel Tax Option: Boards of Education may choose to adopt a recallable rate of 5.4 cents per $100 of a property’s assessed value. This rate is added to current local property taxes and may also be equalized by the state, which would allow state funds to return to the local district to assist with construction costs.
According to Chip Sutherland of Hilliard Lyons Municipal Securities Group, BGISD’s current bonding capacity is $15.29 million. If a nickel tax is levied, the bonding potential of BGISD would be an estimated $27.625 million. The revenue from a “nickel tax” would be used only for construction of academic facilities and may also be equalized by the state. IF adopted AND equalized by the state, BGISD’s bonding capacity would be an estimated $37.135 million.
By adopting a nickel tax on June 12, 2017, the Board of Education anticipates the BGHS project (estimated cost of $60 million by Martha Tarrant, Ross Tarrant Architects) to be completed in fewer phases, and a shorter amount of time, which will ulitmately benefit all students of Bowling Green City Schools.
The recent tax rate is subject to recall, with requirements and procedures explained in statute 132.017. Ms. Lynette Yates, Warren County Clerk, 429 E 10th Street, Suite 100, Bowling Green, KY 42101, Telephone 270-842-9416, may also provide necessary information about the petition required to initiate recall of the tax rate.