Outstanding Bond Debt

BPS101 currently has the following outstanding bond issues:

  • Series 2007 – Initial Issuance of the 2007 Construction Referendum
  • Series 2008 – Remaining Issuance of the 2007 Referendum, largely refunded
  • Series 2010 – Partial Refunding of 1998, 2003 and 2008 bonds for tax rate stability
  • Series 2012 – Partial Refunding of 2008 bonds for savings
  • Series 2013 – Partial Refunding of 2008 bonds for savings
  • Series 2014 – Partial Refunding of 2008 bonds for savings
  • Series 2015 – Partial Refunding of 2008 bonds for savings

The long term debt of BPS101 is structured to have level debt payments each year, which supports stable taxes rates.

Obligation Principal Interest Total
2007 Building Bonds $0.00 $29,700.00 $29,700.00
2008 Building Bonds 5,655,000.00 928,643.76 6,583,643.76
2010 Refunding Bonds 690,000.00 74,842.50 764,842.50
2012 Refunding Bonds 105,000.00 244,925.00 349,925.00
2013 Refunding Bonds 125,000.00 208,275.00 333,275.00
2014 Refunding Bonds 0.00 1,318,500.00 1,318,500.00
2015 Refunding Bonds 145,000.00 244,060.00 389,060.00
Totals 6,720,000.00 3,048,946.26 9,768,946.26