KENNEBUNK — In an effort to lower the annual tax impact of the proposed $74.8 million renovation projects, the RSU 21 Board of Directors has opted to bond the projects over 25 years.
The board voted on Monday, Nov. 18 to extend the bond to 25 years, from 20 years as originally projected, which drops the highest year of repayment for taxpayers by more than 15 percent, they said. Extending the bond over a longer period of time will lessen the individual taxpayer's payment of the bond, but increases the total amount to be paid for the projects with interest, from $109 million to $113 million.
Voters will decide on Jan. 21 whether to support $74.8 million in school
renovations for Kennebunk High School, Kennebunkport Consolidated
School and Mildred L. Day School.
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