Members of the Mahwah Township Public School District finance committee reported to the board that they are pursuing a resolution to begin the state application process for a bond referendum, identified in the agenda as resolution item 18.

A finance committee member said the resolution is “just a starting point” and emphasized that filing the state application would not commit the district to any substantial obligation of funds. “It's really just in the name of our process of having a conversation with the state and the community in terms of where we wanna go in terms of our infrastructure and ways to finance the things we need to do,” the committee member said.

The finance committee also said it has reviewed scholarship endowment funds and options to grow them more efficiently. The transcript excerpts show the committee reported the resolution and ongoing financial review; no formal board vote on the bond application was recorded in the provided excerpts.