Frequently Asked Question

What is a bond issue?  How does a bond issue work?
A bond issue is essentially similar to a mortgage.  It is a way for a government body to “borrow” money for major projects that cannot be paid for in more direct ways.  Bond issues are how the Calcasieu Parish School Board has traditionally financed school construction, expansion, and renovation.

Who is eligible to vote?  Who will be paying? 
The eligible voters are the residents of Bonding District 25, which is essentially the attendance zone of Iowa High School.  Maps are available here on the CPSB website. The taxes would be levied on the assessed value of all residential property (after homestead exemption) and all commercial and industrial property including inventories. Businesses and industries pay at a higher rate than residences and they pay on much higher assessed values.

What is the process for determining projects to be completed?
An appointed architect visited Iowa High, J.I. Watson, and LeBleu Settlement to meet with school administrators and other stakeholders to assess building needs and establish project estimates. Projects are reviewed for necessity and consistency. All estimates are added together to determine the total amount of the bond issue necessary.