Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board authorizes municipal advisory work for $6.5 million GO bond to fund capital projects
Summary
The board approved engaging municipal advisory services to plan a proposed $6.5 million general obligation bond to fund HVAC and structural projects, with an estimated tax-rate impact of about one penny (0.12 to 0.13) over a seven-year repayment plan.
The School City of East Chicago Board of Trustees on Jan. 28 authorized municipal advisory services to prepare a proposed $6.5 million general obligation (GO) bond to fund upcoming capital projects, chiefly completion of HVAC work and structural repairs at Central High School.
Aaron Finley, a municipal advisor on the presentation team, told trustees the recommendation is to issue $6.5 million because state statute limits the district's total direct-debt capacity; after accounting for existing obligations the district's…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
