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Upper Dublin reviews Jarrett Town elementary financing scenarios as community input arrives
Summary
The finance committee reviewed Jarrett Town Elementary project concepts, community survey feedback and high-level financing scenarios including $35 million and $70 million options; administration and PFM presented debt-service sketches, funding levers and next steps for parameters resolutions and a final recommendation in June.
The Upper Dublin School District Finance Committee on April 23 reviewed community feedback on the Jarrett Town Elementary project and preliminary financing scenarios that show wide differences in tax and debt-service impacts depending on the scope of work.
Administrators told the committee an open house on March 27 drew full attendance and an 85-response community survey. Respondents most often cited HVAC and systems, ADA improvements, and upgrades to common spaces such as gym and cafeteria; many favored a new building but expressed concerns about tax impact.
Finance staff presented four project concepts ranging from systems refresh to a new building, and used two illustrative borrowings — $35 million and $70 million — to show the likely budget effect. PFM Financial Advisor Jamie Doyle walked the committee through a…
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