INFORMATION REQUIRED BY THE BOND TRANSPARENCY ACT OF 2017
Independent School District No. 67, Payne County, Oklahoma (Cushing Public Schools)
In accordance with the Bond Transparency Act of 2017, please see the information below:
Date of Posting: December 2, 2024
Description of Proposed Bond Projects voting on 11th day of February, 2025:
PROPOSITION NO. 1
to acquire Ag trucks for District use $245,000.00
PROPOSITION NO. 2
to acquire vehicles for pupil transportation $1,255,000.00
Description of Unpaid/Unfinished Bonds Previously Approved by Voters of the Jurisdiction:
As of the 11th day of February, 2025, Independent School District No. 67, Payne County, Oklahoma, has 1 General Obligation bond issue(s) outstanding:
$20,035,000 Building Bonds of 2024, dated May 1, 2024 ($20,035,000 outstanding in principal as of the 11th day of February, 2025.)
The School District has $47,175,000 in unissued building bonds authorized at an election held on the 8th day of February, 2022.
These bonds will be used to complete the constructing, furnishing, equipping, and/or acquiring of a New Elementary School, High School Additions and a multi-purpose building/storm shelter at the Middle School.
Detailed Description of the Use of Previous Bond Proceeds:
Construct, equip and/or acquire a New Elementary School (527 S. Harmony Road, Cushing, Oklahoma) to include, but not be limited to:
general requirements, site work, concrete, and masonry; and construct, equip and/or acquire additions and renovation to the High School Fine Arts Building (1700 E. Walnut, Cushing, Oklahoma)
to include but not be limited to: a new choir and band room addition and classroom renovations $20,035,000.00
BOND TRANSPARENCY ACT OF 2017
Independent School District No. 67, Payne County, Oklahoma (Cushing Public Schools)
In accordance with the Bond Transparency Act of 2017, please see the information below:
Date of Posting: Wednesday, December 15, 2021
Description of Proposed Bond Projects voting on 8th day of February, 2022:
to construct, equip and/or acquire a New Elementary School $56,400,000.00
to construct, equip and/or acquire High School Additions to include but not be limited to: new classrooms, football concessions, and restroom building $6,650,000.00
to construct, equip and/or acquire additions and renovation to the High School Fine Arts to include but not be limited to: new classrooms and choir room $2,450,000.00
to construct, equip and/or acquire a multi-purpose building/storm shelter at the Middle School $4,200,000.00
TOTAL: $69,700,000.00
Description of Unpaid/Unfinished Bonds Previously Approved by Voters of the Jurisdiction:
As of the 8th day of February, 2022, Independent School District No. 67, Payne County, Oklahoma, has 2 General Obligation bond issue(s) outstanding:
$1,000,000 Transportation Equipment Bonds of 2017, dated June 1, 2017 ($250,000 outstanding in principal as of the 8th day of February, 2022); and
$7,470,000 Building Bonds of 2020, dated June 1, 2020 ($7,470,000 outstanding in principal as of the 8th day of February, 2022).
The School District has $7,470,000 in unissued building bonds authorized at an election held on the 5th day of March, 2013. These bonds will be used to complete the constructing, furnishing, equipping, and/or acquiring of a new middle school.
Detailed Description of the Use of Previous Bond Proceeds:
2017 Issue
Purchase student transportation vehicles $1,000,000.00
2020 Issue
Construct, furnish, equip, and/or acquire a new middle school (521 S. Harmony Road, Cushing, Oklahoma) to include, but not be limited to: thermal and moisture protection and finishes $7,470,000.00