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Council backs $14 million financing for Canyon Rim Academy’s new elementary school
Summary
The Millcreek City Council on May 12 approved a resolution supporting issuance of up to $14 million in tax‑exempt charter school revenue notes by the Public Finance Authority of Wisconsin to help finance a new building for Canyon Rim Academy.
The Millcreek City Council on May 12 approved a resolution supporting issuance of up to $14 million in tax‑exempt charter school revenue notes by the Public Finance Authority of Wisconsin to help finance a new building for Canyon Rim Academy.
Bond counsel Jacob Carlton explained the procedure: because the project sits inside the city, federal tax rules and the issuing authority’s statutes require a local public hearing and a local elected representative’s approval even though…
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