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Lakeland takes step toward bond issue

The Lakeland School Board discussed its options for a possible bond issue that will help fund upgrades and repairs around the district.

At their Monday meeting, the board was told that the district can set bonds at either $2.5 million or $4.5 million, based on what they want to do in the district. Neither bond amount would create an increase in the school’s tax rate, the board was told.

The district is looking at the bond issue as bonds from the auxiliary gymnasium at the high school are being paid off.

The board was also told that they would need to begin the process at the August 21 meeting. The board approved a motion to move forward on preparing documents for a bond issue without setting the amount at this time.