District debt scheduled to be retired in 2039–40; millage decrease expected starting 2027–28
Staff told the board that St. Johns' bonded debt is projected to be fully paid off in fiscal year 2039–40 and that a millage decrease is expected to begin in 2027–28, based on Baker Tilly financial analysis. The findings inform capital and operating budget choices going forward.
The full story
District financial staff reviewed the current bonded debt schedule and said the district's existing bonded debt is scheduled to be fully paid off in the 2039–40 fiscal year, with a millage decrease beginning in 2027–28, citing analysis by Baker Tilly Financial Analysis.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or