The Abington School District held a meeting on October 2, 2025, to discuss the financing options related to the recently passed referendum for a new middle school project. The primary focus was on the proposed General Obligation Bonds Series 2025, which are essential for funding the estimated $285 million project.

During the meeting, officials presented an overview of current municipal bond rates, noting that they have reached historic lows following the COVID-19 pandemic. The discussion included a detailed analysis of the district's existing debt service payments, which currently total approximately $11 million annually. These payments are fixed and will remain unchanged unless new borrowing occurs.

The district is considering a phased borrowing approach, potentially involving three separate issuances: an initial $20 million this year, followed by $135 million in 2026, and a final $130 million in 2028. This strategy aims to manage the financial impact on the district's budget while accommodating the projected costs of the new middle school.

Officials emphasized that the figures presented are preliminary estimates and will be refined as the project progresses and construction bids are received. The anticipated increases in debt service payments will be gradually integrated into the district's budget over the coming years.

The meeting concluded without any immediate questions from board members, indicating a clear understanding of the financial strategy moving forward. As the district prepares for the next steps, further discussions will be necessary to finalize the details of the financing plan and ensure the successful execution of the middle school project.