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U-46 staff, bond advisor outline plan to finish Unite U-46 projects; recommend competitive sale for next bond tranche
Summary
District finance staff and bond advisor Raymond James briefed the U-46 Board of Education on options to complete the Unite U-46 facilities program, recommending a competitive sale for the next bond tranche while preserving a no‑tax‑increase debt‑service promise.
School District U-46 administrators and their bond advisor told the board on Tuesday that the district can complete the Unite U-46 facilities program using a mix of referendum bonds, district reserves and non‑referendum working‑cash bonds while keeping the district’s debt service stable for taxpayers.
Dr. Anne Williams, deputy superintendent for operations, summarized the funding sources used to date: referendum bonds (authorized $179 million in total), roughly $100 million in capital reserves previously used, and a planned working‑cash bond component originally estimated near $32 million. “We have the ability to…
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