On August 20, 2024, the Holyoke school board approved the wording of Ballot Issue 5K, a school bond question. As the board adopted it, the question let the district borrow up to $14.84 million, with a repayment cost of up to $28 million and a district tax increase of up to $1.4 million a year. The increase in debt was "to occur only if" the district received more than $42 million from Building Excellent Schools Today, or BEST, the state's school construction grant program. The district's grant application says voters passed that bond in November 2024.
The grant the state has recommended is $37,511,924.54. Question 5A asks whether the district may accept that "guaranteed award amount" as the match for issuing general obligation bonds "already passed by voters in 2024 to build and furnish a new elementary school." The ballot says the grant funds are not required to be repaid. Voters in Holyoke School District RE-1J decide; the question appears on the Phillips County, Sedgwick County and Yuma County ballots.
