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Committee discusses principles for using long‑term debt to fund major capital projects
Summary
Members discussed best practices for funding capital projects, including use of long‑term debt, repayment periods tied to project life, metrics tied to students served and long‑term debt per pupil comparisons to peers.
Oak Park–River Forest SD 200 committee members discussed funding approaches for major capital projects and asked staff to develop guiding principles for future board consideration.
Members framed the question around whether large capital projects should be financed with long‑term debt and, if so, what boundary conditions should apply — for example, payback period, share of tax levy, or how many students a project benefits.
Committee members and staff said general practice is to use operating funds for recurring expenses and to use…
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