Cheney school board gets bond sale overview

The Cheney school board dealt with one of the easier aspects of the passage of the recent capital facilities bond — getting the money.

In a presentation to the board at its March 22 meeting, DA Davidson managing director Jon Gores outlined the upcoming steps in selling $52 million in bonds. The key goals in the sale, which takes place April 26, is achieving the total tax rate of $5.42/$1,000 of assessed property value voters expected when they approved the bond proposition Feb. 14, along with a stepped-down tax rate beginning in 2029 as older bonds are paid off.

The district will co-sign on th...