St. Joseph board hears bond-arbitrage update; projects largely on track
District staff told the Board of Education the district has met early arbitrage spending tests and will aim to complete HVAC and other bond-funded projects this summer; staff said up to roughly $225,000 could be subject to IRS refund if later spending deadlines are missed.
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District staff told the St. Joseph School District Board of Education on Tuesday that the district has met early spending tests tied to its recent bond borrowing and that most bond-funded construction and equipment purchases remain on schedule.
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