Lake Oswego, OR. — Official Release: The Lake Oswego School Board has authorized the district to proceed with a capital construction bond measure for the November 4, 2025, election, marking a key legal step in referring the bond to Lake Oswego School District voters.
While maintaining the district’s current estimated bond property tax rate, the proposed bond measure would authorize the district to issue up to $245 million in bonds to fund critical school facility improvements, including:
- Improve safety and security measures at every school;
- Replace Forest Hills and Lake Grove Elementary Schools, the district’s two oldest schools built in the 1940s, on their current sites; and
- Update and expand classrooms and career and technical education (CTE) and Science Technology Engineering Math (STEM) learning spaces to meet growing demand.
Voter polling indicates broad community support for the proposed measure. Respondents cited the value of maintaining the current estimated bond tax rate while investing in school safety, security, and updated facilities. As the third phase of the district’s long-term capital improvement program, the bond is viewed as a fiscally responsible way to support safe, secure schools that prepare students for college and careers.
“Our community has been clear. They support safe schools and strong academic programs, and they value our ability to deliver those without increasing the current bond property tax rate,” said Superintendent Dr. Jennifer Schiele. “This bond measure allows us to follow through on our promise to modernize facilities and provide safe, future-ready learning environments for every student.”
If approved, the bonds may be issued in multiple series, each with a maturity of up to 26 years. The measure is estimated to maintain the current bond property tax rate, not exceeding $2.90 per $1,000 of assessed property value. Actual levy rates may vary based on changes in interest rates and assessed property values.
The bond measure also ensures continued financial transparency, including the maintenance of a community oversight committee and regular audits to monitor spending and progress.
For more information about the proposed bond measure, visit www.losdschools.org/Bond2025.
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