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CMSD board authorizes up to $100 million in bonds to fund facilities projects
Summary
The board authorized the issuance and sale of up to $100 million in bonds — part of a voter-approved program — to fund district construction, renovation and priority maintenance projects; one board member abstained.
The Cleveland Municipal School District Board of Education approved a resolution authorizing the issuance and sale of up to $100 million in bonds as part of the voter-approved Issue 49 program.
The transaction will fund a portion of district construction, renovation, furnishing and site work; district staff and bond counsel said bond proceeds are held in a legally separate fund and are issued in multiple transactions as cash is needed. The district reported that voters approved Issue 49 in November 2024, which…
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