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Interborough board authorizes tax-exempt bonds to finance school capital projects

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Summary

The Interborough Board of School Directors unanimously approved a resolution authorizing tax-exempt bonds to finance additions and improvements to the district high school, a kindergarten academy and early learning center, and to purchase capital equipment and cover issuance costs.

The Interborough Board of School Directors voted 7-0 on July 16, 2025, to approve a resolution authorizing the issuance of tax-exempt bonds to finance a range of capital projects for the district, including additions and improvements to the district high school, a planned kindergarten academy and early learning center, and the purchase of capital equipment.

Board approval of the bond resolution is the formal step that allows the district to pursue non-electoral debt under…

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