Beresford Board of Education Approves Bond Resolution for Tuesday, September 13, 2022. On July 11, 2022, the Beresford School District Board of Education (BSD BOE) unanimously passed the following motion, "Approval of Resolution Declaring Necessity and Expediency for Issuance of General Obligation School Bonds, Calling an Election, Therefore, and Hiring Professionals in Connection Therewith." The bond election is scheduled for Tuesday, September 13, 2022, at the Beresford City Library from 7:00 a.m. to 7:00 p.m. To add additional gymnasium space to the South Campus, the BSD BOE would need a bond from the general public for $3,500,000 and $3,500,000 in capital outlay certificates.
How will you pay for the project, and how will this affect my taxes? The Beresford School District would utilize $3.5 million in capital outlay certificates and $3.5 million in bond funds to finance the project. Issued capital outlay certificates would not affect a patron’s taxes. Instead, the District would make committed payments from our capital outlay budget for 15 years to help finance the gym addition. A bond issue would impact a patron’s taxes with a mill levy of $0.49 per $1,000.
For full project information, go to https://www.beresford.k12.sd.us/page/2022-bond-project.