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Parkway presents Prop S construction and finance update; $133M cash on hand, major projects ongoing
Summary
CFO and the CMAR Putker updated the board on Prop S bond finances and construction: voters approved $265M; presenters reported roughly $292–293M available after premiums/interest, $81M spent, $133M cash on hand, and multiple GMP contracts underway with significant summer 2026 project work planned.
District finance and construction staff gave a Prop S program update on Nov. 12 outlining finances, completed work and upcoming projects.
Carrie Nunn, the district CFO, said voters originally approved $265,000,000 for Prop S bonds and that bond premiums and interest increased the program funds to roughly $292–293 million. She said $81,000,000 has been spent to date and that the district’s current cash on hand for bond proceeds is $133,000,000; she also noted $75,000,000 of the authorized bond issuance remains to be sold. Nunn emphasized that Prop S funds are restricted for…
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