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Forest Grove SD 15 reports $147.9 million in bond resources; $31 million uncommitted as summer work ramps up
Summary
District staff told the Bond Oversight Committee the district has $147.9 million in bond resources, has committed or spent about $116 million and currently shows roughly $31 million uncommitted while summer construction and project prioritization continue.
District staff provided the Bond Oversight Committee an update saying Forest Grove School District 15 has $147,900,000 in total bond resources and has committed or expended about $116,000,000 as the district prepares for a busy summer of construction.
The update said the district completed a second bond sale last week for $31,900,000, following an earlier $90,000,000 sale in spring 2023. Staff reported an additional $2,600,000 in bond premium from the most recent sale and said bond resources have increased by roughly $5,000,000 since…
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