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Susquehanna Township board authorizes work on up to $15 million school borrowing
Summary
School board authorized staff to begin paperwork for a potential bond issue of up to $15 million to fund capital projects, with financial advisers recommending a "wraparound" structure to limit near-term budget impact and take advantage of small-issuer tax rules.
The Susquehanna Township School District board voted to authorize staff and its financing team to begin preparations for a potential general-obligation borrowing of up to $15,000,000 to fund planned capital projects.
Financial adviser Brad Remick of Raymond James told the board the district currently has multiple outstanding debt issues and that advisers recommend keeping the new issue at $15 million or less to qualify as a "small issue" under tax rules. That designation, Remick said, would allow the district to retain investment…
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