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District finance adviser says referendum bonds on schedule; consolidation debt nearly paid off
Summary
At a March 25 budget workshop, financial adviser Bob Damron told the Orangeburg County School District board that most pre‑consolidation bond debt is nearly retired, the district is on track with referendum bonds, and a June resolution to participate in the SKAGO/SCAGO pooled issuance program is expected.
Bob Damron, a financial consultant who led the evening's debt briefing, told the Orangeburg County School District board on March 25 that most of the pre‑consolidation bond issues have been paid and the district's referendum financing is on schedule.
“Of all those bond issues that were prior to consolidation, there's only 1 left and that is the 2013 refunding bonds ... and that amount is down to $880,000,” Damron said, adding that “the last payment on that bond issue will be March of 2027, and that means there's only 2 payments left on it.” He said a $41 million special‑obligation bond (described as a performance contract) is paid from operational savings tied to energy and maintenance…
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