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Board adopts preliminary resolutions to finance $2.465 million in capital improvements, board says no tax increase expected
Summary
Dr. Laura Hammock, superintendent, told the board the district plans to issue general obligation bonds totaling $2,465,000 to finance roofing, paving, HVAC upgrades, bus purchases and other capital improvements.
Dr. Laura Hammock, superintendent of Beech Grove City Schools, explained the district's proposed capital program at a legally required preliminary determination hearing March 11 under Indiana law, saying the work would address roofs, paving, HVAC systems, bus purchases and other critical capital needs.
Hammock cited the statutory hearing requirements, reading language from Indiana Code 20-26-7-37 and Indiana Code 6-1.1-20-3.1 that mandate a public process when a school corporation plans facility work financed by bonds or lease obligations. She told the board the district plans to…
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