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Board authorizes up to $16.25 million in school bonds to cover $75 million middle-high school cost overrun
Summary
Supervisors approved a resolution to issue up to $16.25 million in general obligation school bonds to cover the remaining cost of a middle-high school project whose budget rose to $75 million.
The Lancaster County Board of Supervisors on Aug. 28 approved a resolution authorizing issuance of up to $16,250,000 in general obligation school bonds to fund the remaining cost of the county's new middle-high school.
Background: The new middle-high school is a $75 million project. The county previously secured $60 million in financing; the school board on Aug. 4 passed a resolution requesting the additional financing after…
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