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Board authorizes initial $15 million bond steps to start K–8 reimagining project
Summary
The Carlisle Area School District board voted to authorize staff to begin work on issuing general obligation bonds of roughly $15 million to fund the first phase of a multi-year K–8 reimagining project that district advisers estimate could cost about $114 million.
The Carlisle Area School District Board of School Directors on a voice vote authorized district staff to begin the process of preparing general obligation bond financing of approximately $15 million to start the first phase of its K–8 reimagining project.
The authorization, approved after a presentation by PFM Financial Advisors, allows the district to share financial information with advisers and to engage Financial Advisors LLC and Saxton and Stump as bond counsel and solicitor to structure the first bond issuance, currently targeted for June 2025. Board members said the borrowing will…
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