Thanks to the state budget impasse, Lewis & Clark Community College is considering a bond sale. The Board of Trustees would have to approve the sale of $8-million in bonds, which could happen as soon as its May meeting. College President Dr. Dale Chapman tells The Big Z the bonds would be used to cover ongoing expenses.
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Chapman says the only other time the college has issued working cash bonds was when it was first founded. He says if the state doesn't come through with any funding, the college will go through its working cash interest in one year to balance the Fiscal Year '16 budget. He says on a $100,000 home, your tax bill would increase by about $11 each year.