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Monday, May 2, 2016

Alton QZAB request accepted

Thursday, March 3, 2005

Staff Writer

ALTON -- Alton School Superintendent Sheila Wheeler received good news Feb. 16 from the Missouri Department of Elementary and Secondary Education. "The Missouri DESE has accepted our request for a Qualified Zone Academy Bond (QZAB)," the superintendent said.

This will allow the bond issue to be placed on the April 5 municipal and school election ballot.

"After the bond request is approved by the state, it requires the issue go to a vote of the people and it has to be voted on by Dec. 31. The April election is the only election this year where only 57 percent approval is required. All other elections this year will require a 66-percent approval rating," Wheeler said. "This is the time to get it done."

The superintendent said she plans to start having informational meetings about the QZAB issue in mid March.

The QZABs were created in the late 1990s as part of the Taxpayers Relief Act and are used as a financial tool to encourage partnership between public schools and private industry as well as supply another source of funds for high poverty schools.

The district will ask for $1.5 million. The superintendent said, if approved, the funds will be used for projects at the school including a new roof on the high school building. She said the school district has exhausted all its grant resources and the bonds are badly needed.

"Hopefully, school district patrons will see the merit in this issue and see how it can only help our school and our community," the superintendent said.

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