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Letter: More questions about the 9-R bond issue
Durango, Colorado Currently Fri 2% chance of precipitation 1% chance of precipitation 1% chance of precipitation
Thursday, Dec. 17, 2020 12:35 PM Updated: Friday, Dec. 18, 2020 1:27 AM
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I am a sophomore at Durango High School. For a recent project, we were assigned to research a current issue. My dad suggested looking into the 9-R School District bond, since it was on the ballot this fall. After doing some research, I found there to be some suspicious circumstances. Most people thought the bond was for $90 million. But because of how it was written, the district will end up with long-term debt of approximately $110 million through something called “premium bonds.”