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Jennings County School Corporation holds public hearing on up to $2.9 million GO bond for Brush Creek HVAC replacement
Summary
At an Oct. 28 public hearing, municipal adviser Jeff Hammond outlined a proposed 2025 general obligation bond of up to $2.9 million to replace the aging HVAC system at Brush Creek School; the adviser said the district could issue the bonds without raising the tax rate and presented multiple repayment scenarios.
Jennings County School Corporation held a public hearing Oct. 28 on a proposed 2025 general obligation bond of up to $2.9 million to replace the HVAC system at Brush Creek School and potentially renovate a few select units elsewhere in the district.
Municipal adviser Jeff Hammond of Baker Tilly told the board that the proposed borrowing would translate to about $2.7 million available for hard and soft construction costs after issuance expenses. "We are able to issue these bonds without an increase to the tax rate," Hammond said, adding that the resolutions before…
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