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Board reviews Community Finance Committee ‘Atlas’ and guidance on when to issue debt
Summary
The board heard a presentation from the Community Finance Committee on a fiscal-stewardship section of a board atlas, including suggested principles and "tool gates" for deciding when to issue debt for capital projects.
The Oak Park-River Forest District 200 Board of Education received a briefing from the Community Finance Committee (CFC) on a newly drafted fiscal-stewardship section of the board’s “atlas” — a reference document for future boards that outlines best practices for debt issuance, benchmarking, and long-term debt management.
The CFC presenters said the atlas preamble emphasizes the importance of stable resources to support equitable education, that the district’s largest expense…
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