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District authorized to pursue $30 million borrowing and possible partial refunding; parameters resolution work to begin

West Chester Area SD committee meetings (Policy Review; Property & Finance; Teaching, Learning & Equity) · February 19, 2025
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Summary

The district authorized staff and its financing team to prepare a parameters resolution to issue about $30 million in new general-obligation bonds and pursue a possible partial refunding of a 2014 bond maturity.

The West Chester Area School District’s Property & Finance committee on Feb. 18 authorized administration and outside advisors to prepare a parameters resolution for a 2025 financing plan that would include approximately $30 million in new-money general obligation bonds and a potential partial refunding of a 2014 maturity.

John Fry of PFM Financial Advisors presented a market…

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