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Business administrator outlines $94M in general‑obligation debt, recommends timing for junior‑high bond
Summary
The district’s business administrator presented debt schedules showing about $94 million in outstanding general‑obligation debt and proposed considering a bond election in 2026–27 to fund junior‑high and ROTC building work. The board also reviewed lease‑revenue debt and discussed interest‑rate context.
Zane, the district’s business administrator, presented an outstanding debt schedule and a range of options for capital planning, noting the district currently carries general‑obligation and lease‑revenue debt and that timing matters for project costs and tax impacts.
Zane told the board voters authorized $87,000,000 in general‑obligation bonds in 2018 for elementary updates; current outstanding general‑obligation debt shown on the district schedule is about $94,000,000. The district also carries…
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