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RSA Advisors presents conservative $12.3M bonding example; advisor says district could see more capacity over time
Summary
Municipal advisor Lincoln Thiner told the Bath County Board of Education that, under conservative assumptions, the district could borrow about $12.3 million today for a middle‑school project and that rolling forward revenues and state equalization could produce roughly $17 million of capacity in two years if the district holds spending steady.
Lincoln Thiner of RSA Advisors presented a municipal advisory engagement document and walked board members through a conservative analysis of Bath County’s borrowing capacity, comparing school‑district bond math to a household mortgage approach.
Thiner said the district’s near‑term debt service is roughly $1.65 million per year and that, using current assessed values, capital outlay rules, state…
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