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Swayze School solar panels active; finance director applied for $198,000 federal tax-credit-equivalent payment
3204491 · May 6, 2025
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Summary
Dan, representing the school board, told the Budget Committee that school solar panels are active, the bond repayment schedule is fixed and Finance Director Molly O'Keefe has applied to the IRS for a payment of $198,000 recorded as revenue because schools are tax-exempt.
Dan, a member of the school board who attended the Budget Committee meeting, updated the committee on the Swayze School solar project and related financing.
Dan said the project entered a final bond sale in January and that the bond will be repaid on a fixed schedule. He told the committee there was…
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