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2025 Annual Report

2025 Annual Report postcard with LOMS school building rendering and Bond phase status

Thank You, Lake Oswego!

Our Lake Oswego community continues to show extraordinary care for our students and confidence in our schools. Your strong support for our three-part bond initiative means our community-supported bond program is improving every school in Lake Oswego, safely, responsibly, and on budget.

This work is about more than new or modernized buildings. It reflects our shared belief that every student deserves safe, inspiring spaces to learn, grow, and thrive.

On behalf of our school board, educators, and staff, thank you to every voter who has supported our bond programs, and to the many volunteers, parents, students, and community partners who helped share our story. Your dedication and heart have made a lasting difference.

Together, we are building great Lake Oswego schools, creating places where teaching minds and reaching hearts go hand in hand.

Jenn Schiele portrait

With gratitude,
Dr. Jennifer Schiele, Superintendent, Lake Oswego School District

 

students smiling in a cafeteria and music room, and a playground

Oversight and Accountability

Bond funds may only be used for voter-approved projects, guided by strong leadership and fiscal responsibility. Oversight includes:

  • A citizen-led Bond Accountability Committee
  • Regular audits and quarterly expenditure reports
  • Monitoring by the Lake Oswego School Board
  • Compliance with bond program objectives and state law
students testing water in science class and playing on playground, and the LMS garden bench next to the school building

Three-Phase Bond Overview:

 

Phase 1: Complete

Voters Approved: 2017 by 59%

Funds Raised: $187M + $32M premiums & interest

Cost Per $1,000 Assessed Value: an additional $1.14

  • ✔ Lakeridge Middle School — Rebuilt, open, and earning awards
  • ✔ Mechanical, Electrical & Structural Systems — Major repairs completed at all schools
  • ✔ Seismic, Safety & Security Upgrades — Implemented at all schools
  • ✔ Innovation Labs — Added at all elementary and middle schools
  • ✔ STEM & CTE Classrooms — Added at both high schools
  • ✔ New Competition Pool — Historic partnership with the City of Lake Oswego to build the new Lake Oswego Recreation & Aquatic Center
Students outside the entrance of Lakeridge Middle School
competition pool with LOHS and LHS branding on the wall

Phase 2: In Progress Now

Voters Approved: 2021 by 57%

Funds Raised: $180M bond + $4M OSCIM Grant + $12M premiums

Cost Per $1,000 Assessed Value: an additional $0.83

  • ✔ River Grove Elementary — Rebuilt, open, and earning awards
  • ✔ Palisades World Language School — Major mechanical system repairs
  • ✔Science Labs — Updated at both high schools
  • ✔ School Gardens — Now at every School
  • – Lake Oswego Middle School — Opening fall 2026
  • – Safety Improvements — In progress at every school
  • – Accessible Playgrounds — Half completed, more to come
River Grove Elementary building with sun shining through trees
Aerial view of Lake Oswego Middle School construction progress

Phase 3: Beginning Now

Voters Approved: 2025 by 72%

Funds Raised: $245M; first bond sale scheduled for spring 2026

Cost to Taxpayers: No additional cost to taxpayers due to the 2000 bond payoff

  • – Forest Hills Elementary — Rebuilding at the current site
  • – Lake Grove Elementary — Rebuilding at the current site
  • – Health, Safety, and Security — Improvements at all schools
  • – Facility Preservation and Upgrades — Improvements at all schools
  • – Learning Space Expansions — Science, Technology, Engineering, and Math (STEM) and Career Technical Education (CTE) at both high schools; new home for Community Transition Program; Additional classrooms and learning spaces at Palisades World Language School
students raising hands in a classroom

Your investment in our schools helps keep Lake Oswego a strong, thriving community for all ages.

View our project pages for more information and project updates.

Bond Projects