Upper Darby School District has successfully locked in a bond issuance of $45 million to fund ongoing construction projects, including the Clifton Heights Middle School, despite facing rising interest rates. During the recent School Board Committee meeting on April 30, 2025, financial representatives detailed the bond's terms, emphasizing that the current interest rates, while higher than in previous years, remain below the 30-year historical average.

The bond was issued at a time when the municipal bond market experienced volatility due to political discussions surrounding tariffs, which impacted interest rates. The district's financial team noted that locking in rates on March 26, just before the market fluctuations, was a strategic move that ultimately saved the district from potentially higher costs.

The total par amount of the bond is $43,890,000, with an arbitrage yield of 4.714%. The funds will be allocated to continue construction on the Clifton Heights Middle School and other approved projects. The district plans to issue additional bonds in the future to ensure the completion of these projects while managing financial risks through staggered issuances.

Board members expressed concerns about the implications of rising interest rates on the community, highlighting the burden on taxpayers. One member voiced frustration over the political decisions affecting local finances, stressing the importance of transparency and consideration for community members already facing economic challenges.

Looking ahead, the district remains optimistic about the potential to refinance these bonds if market conditions improve, ensuring continued fiscal responsibility and support for educational infrastructure. The board's proactive approach to managing bond issuances aims to mitigate risks and secure the best possible financial outcomes for the community.