The Bethalto School Board has approved the issuance of $3.1-million in taxable general obligation school bonds. The board took the action as a result of the state being continually behind on its payments. Bethalto School Superintendent Charles Stegall says the state’s lack of payments has added up to a significant hit.
Click here for Stegall's comments
The impact the first year of the levee will be 14-cents added to the existing levee. It will drop to 10-cents the following year, and through the balance of the 9-year payment period.