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Juneau finance committee debates school bond timing amid uncertain state reimbursement
Summary
The Assembly Finance Committee discussed whether to place a Juneau School District bond on the October ballot after staff described project lists, modeled debt-service impacts and warned that state reimbursement under a moratorium may not be available for several years. Members favored holding the issue in committee while seeking more data.
The Assembly Finance Committee on April 16 debated whether to place school bonds on the October ballot after staff outlined a tiered list of possible projects and modeled debt-service impacts.
Manager Kester, who introduced the item, said the Juneau School District and its facilities committee prepared a tiered list of possible bond projects “$5, 10, and $50,000,000,” and that the list “are really all just major maintenance projects,” adding that bond language would be broad enough to allow flexibility on which projects are funded. Kester also warned that “there is a chance that that program, that moratorium will get extended,” referring to the state program that reimburses local school debt.
Director Flick…
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