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District shows multi-year borrowing plan and site options for middle-school consolidation; architects favor Cam South for new build
Summary
Advisers and staff outlined a phased borrowing plan that could total about $200 million to support a series of building projects. Consultants presented two new-build concepts for a 7–8 middle school at the Cam South site and evaluated additions/renovations at CAM North and CAM South.
Chambersburg Area School District staff and financial consultants told the board on April 8 they are planning a phased borrowing program to support multiple school construction projects and presented site concepts that favor building a new middle school at the CAM South campus.
John Fry of Public Financial Management (PFM) described a multi-step borrowing scenario that the district and advisers are testing; Fry said the district is considering staged bond issues with a relatively small, bank-qualified borrowing in the fall to fund design and early work, then larger borrowings in 2026–28. Fry summarized the top-line view: “we're anticipating for now, sometime this fall ... borrowing approximately $10,000,000 to get some more money into your account so you can start paying for architects and design, and you can get things moving.”
The long-range plan…
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