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Davenport presents school capital financing update; board to consider initial financing actions in March
Summary
Financial advisor Davenport updated commissioners and school representatives on a roughly $12 million financing for school capital projects, noting the county’s strong credit rating, responses to an RFP from banks and a planned March timeline for initial and final county actions.
Davenport representatives updated the Rockingham County Board of Commissioners on progress toward financing school capital projects and said the county is moving toward a roughly $12 million financing expected to close in April.
Mitch Gulio and a school system presenter told the board the county has maintained a strong credit rating and adopted debt policies that make it feasible to…
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