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Abington Heights board hears public plea to use reserves before authorizing $41,000,608 middle school contract
Summary
At a board meeting, public commenters urged Abington Heights School District to tap capital reserves to reduce borrowing for a middle school renovation project. District staff outlined fund balances and cash-flow timing before a board member moved to authorize contracts totalling $41,000,608; the transcript does not record a vote.
Abington Heights School District Board of Directors members heard public comment urging the district to use capital-reserve funds to limit borrowing, then were asked to consider authorizing contracts totaling $41,000,608 for Abington Heights Middle School building and renovation work.
The concern centered on how the district could apply existing fund balances to reduce the size of planned borrowings and, by extension, the millage rate taxpayers would face. "Would you consider using some of those monies to limit your borrowing," a public commenter said, "so that when you come back in another…
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