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Erie City SD says state budget impasse could force borrowing; $10M bond planned for renovations
Summary
Assistant Superintendent Neil Brockman told the Erie City School District board at the Nov. 6 Committee of the Whole that the state budget is "now a hundred and 27 days overdue," and officials warned the district could need to borrow to continue operations; the administration also previewed a planned $10 million bond for school renovations.
Assistant Superintendent Neil Brockman told the Erie City School District board at the Committee of the Whole on Nov. 6 that the state budget remains stalled and "is now a hundred and 27 days overdue," warning the district could have to borrow to continue serving students if lawmakers do not act.
The district's Chief Financial Officer, Brian Cheese, said bond documents are being finalized and the administration expects to propose a $10,000,000 bond next week to fund construction and renovations at Strong Vincent and Grover Cleveland. An accompanying resolution will show a "not to exceed" figure of $12,000,000 to accommodate financing approvals; the…
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