Abington advisers outline plan to issue up to $285 million in bonds for proposed middle school

Audrey Baer, financial adviser with Piper Sandler and Company, briefed the Abington School District Board of School Directors on a potential financing plan to support a middle school project approved by referendum earlier this year.

Baer outlined an early estimate that the referendum authorizes borrowing up to $285,000,000 for the project and described a likely structure of three separate bond borrowings: an initial series of about $20,000,000 this year, a larger series in 2026 (illustratively about $135,000,000) and a final series in 2028 (illustratively about $130,000,000). "We don't make projections. You'll see it end with current," Baer said when showing recent municipal interest-rate history and explaining that estimates will change as bids and market conditions evolve.

The presentation showed how issuance deductions and financing costs reduce the face amount to net proceeds that can be spent on construction. Baer said the example scenario subtracts items such as original…