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Schuylkill Valley SD staff outline flexibility, timing for proposed general obligation bond authorization
Summary
Schuylkill Valley School District financial advisors presented the board with a draft authorization for a 2025 general obligation bond that could authorize roughly $17.5 million in new borrowing (capitalized interest could bring authorized par nearer $19 million).
Schuylkill Valley School District financial advisors presented the board with a draft authorization for a 2025 general obligation bond that, if issued, would fund planned capital projects and could add about $17.5 million in new borrowing (staff said capitalized interest and contingency could bring the authorized amount closer to $19 million).
The advisers told the board the plan uses a multi-column scenario analysis showing an anticipated debt-service spike during the first two years that would be mitigated by capitalizing interest in the initial period. Staff said the district’s existing debt-service schedule includes a significant principal drop-off in…
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