The $1.2 million dollar bond failed by less than one percent.
Nearly 800 people voted.
The majority of the money would have helped cover the cost for Mid-Buch to build a tornado shelter that would have also doubled as a multi-purpose room for the school and the community.
School leaders said they could have done a better job at getting more people to support the need for the project.
"I think that some of the people who were voting no don't really understand the project," said Superintendent John James. "I'm not sure we've done a good enough job of educating people on the project. I think some of them are still dealing with some misinformation and that's on us. We needed to get out there and sell it better."
The bond money would have also helped pay to update school security.
James said it will be up to the school board to decide if they'll try to pass the bond a third time.