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MCCSC holds preliminary public hearing on up-to-$221.62 million facilities borrowing; no board action taken
Summary
Monroe County Community School Corporation opened a statutorily required preliminary determination hearing on a proposed facilities financing plan that would permit up to $221,620,000 in future bond issuances over the next 10 years. The board took no vote at the hearing and scheduled a second hearing for April 29, 2025.
The Monroe County Community School Corporation on April 22 opened a preliminary determination hearing required by state law on a proposed facilities financing plan that would allow the district to borrow up to $221,620,000 over the next 10 years to renovate and upgrade school buildings.
MCCSC counsel Tom Banger told the board the hearing was a legal step to gather public comment and that “no board action is legally required at this hearing, rather this hearing is solely to hear public comment regarding this project.” The board closed the hearing after taking…
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