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Colleton trustees approve up-to-$16 million general obligation bond to fund capital projects, 5-2
Summary
The board approved a resolution authorizing up to $16 million in general obligation bonds to fund capital projects including roofing and facilities work. Trustees emphasized bond funds are restricted to capital—not day-to-day operations or staff pay.
The Colleton County School District Board of Trustees approved a resolution on March 18 authorizing the issuance and sale of up to $16,000,000 in general obligation bonds. Trustees said bond proceeds will be used for capital projects and facility needs, not for operating expenses such as payroll.
Board members discussed trade-offs before the vote. One trustee urged caution about borrowing…
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