Putnam County voters will be asked to vote yes or no on a plan to acquire up to $300 million in bonds to fund the construction and renovation of schools and safety upgrades. The referendum calls for the debt to be paid off over 30 years using school board property taxes.
Ballot question
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- Shall the School District of Putnam County fund construction, renovation and replacement of public school facilities throughout the District, including implementation of safety enhancements and instructional technology upgrades, by issuing general obligation bonds in multiple series, in a total principal amount not exceeding $300,000,000, bearing interest at not exceeding maximum legal rates, maturing within thirty years, and secured by the full faith and credit and ad-valorem taxing power of the District?