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Board advances $46 million general-obligation bond resolution; board says vote will not raise millage
Summary
Trustees approved second reading of the district's 2025 general-obligation bond (SCAGO) resolution, a not-to-exceed $46,000,000 issuance to fund the capital improvement plan, including projects tied to the Envision Pickens initiative. Administration said approval will not increase the millage rate.
The Pickens County School District board approved second reading of the district's 2025 general-obligation bond resolution for the SCAGO (general obligation) program, authorizing a not-to-exceed issuance of $46,000,000 to fund the board-approved capital improvement plan.
District finance presenter Matt Owens explained the resolution is required to issue bonds for the district's building program and capital projects. "The GEO program resolution is required in order to issue bonds for the building…
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