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Financial consultant: District plans $6M–$13M in capital from 2025 bonds; resolution set as 'not to exceed' $16M
Summary
District financial advisor outlined a proposed 2025 bond plan that would generate roughly $6 million in capital this year and about $13–13.5 million overall, with a not-to-exceed resolution of $16 million to preserve flexibility; the board will consider an action item next week.
Bob Damron, the district's financial consultant, presented the annual bond and debt update to the Colleton County School District Committee of the Whole on March 11, describing a planned 2025 bond issuance and the district's overall debt picture.
Damron told the board the spring and fall bond issuances combined should produce about $6 million in capital available this year and roughly $13.5 million in new capital overall; the resolution drafted for board action next week would be “not to exceed $16,000,000”…
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