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RSU 22 debt service largely predetermined for Hampden Academy project; Frankfort component complete
Summary
Officials said the district's debt service line is predetermined and now pertains mainly to the Hampden Academy project; the Frankfort component of prior work is finished and no further action on debt service was required at the meeting.
District staff told the committee that the debt service article for the coming year is predetermined and tied to the Hampden Academy project. Staff said the Frankfort portion of the prior project is complete, and current debt-service costs pertain to the Hampden Academy obligations.
The presenter said there is no calculation for committee action on the debt-service line this year because the amounts are set by prior financing and project schedules. There were no motions or votes; the presentation was informational.
Committee members did not request additional changes and staff indicated the predetermined debt-service number will be included in the budget presentation to towns and taxpayers.
