Hatfield’s resignation formally accepted

by Ariana Cherry
Arthur/Sullivan Reporter

The Arthur-Lovington School Board issued $2.1 million in General Obligation Bonds at a 2.962 percent tax rate last Wednesday.

The bonds will be used for construction of the new Arthur Junior High addition, asbestos removal at Lovington Grade School, a new roof for Arthur-Lovington High School and other maintenance and repairs as needed for the district. Sales tax revenue will be used to pay back the bonds. Last year, Douglas County passed a 1% sales tax increase which went into effect this past January. The district will start receiving the revenue in April, and it is estimated that they will receive $239,000 annually. The bonds must be paid off by December 2023, although the board has an early payment option for December 2022.     Login or Subscribe to read the rest of this story.