Understanding the Fire Bond Cost

First and foremost, citizens deserve transparency on how we intend to responsibly use this $16 million dollar bond. The proposed bond would cost property owners $16.07 per $100,000 in property value annually. This investment would fund remodeled fire stations, upgraded equipment, and improved emergency response capabilities.

We’ve worked diligently with the City of Coeur d’Alene to determine the cost of our needs to ensure we’re able to provide exceptional service to the City of Coeur d’Alene, now and in the future.

We have an Open House scheduled on April 9th, 6:00 p.m., at Station No. 2 on Ramsey Road.  We hope to see you there.

To learn more about the bond, please visit us at: http://cdafirebond2025.org/

Financial Disclosure

The interest rate anticipated on the proposed bond issue, based upon current market rates, is three and twelve hundredths percent (3.12%) per annum. The total amount estimated to be repaid over the life of the bonds, based on the anticipated interest rate, is $19,444,750, consisting of $16,400,000 in principal and $3,044,750 of interest. The term of the bonds will not exceed ten (10) years from the date of issuance.
The estimated average annual cost to the taxpayer on the proposed bond levy is a tax of $16.07 per $100,000 of taxable assessed value, per year, based on current conditions.
As of May 20, 2025, the total existing bonded indebtedness of the City, including interest accrued, is $865,019.