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Committee reconfirms plan to borrow $10 million for 2025 high‑school project phase; parameters resolution sets $15 million ceiling
Summary
Finance staff reviewed three borrowing scenarios and the committee reaffirmed a plan to borrow $10 million in 2025 for the first draw of the high‑school construction project; a parameters resolution on the work session sets a $15 million ceiling that will not necessarily be borrowed in full
Finance staff reviewed financing scenarios for the first construction draw of the high‑school project and the committee confirmed earlier consensus to borrow $10 million in calendar year 2025.
The administration presented three options for 2025 draws: do not borrow, borrow $15 million, or borrow $10 million.…
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