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Ontario SD 8C hears bond options that could pair state match to fund school projects
Summary
District finance staff presented bond-timing options and a state matching grant that together could yield about $24.5 million for projects such as Aiken renovations; board members asked about timelines, tax impact and useful-life requirements.
Devin, the district financial presenter, told the Ontario SD 8C board the district's current bond (recorded in the presentation as $18,500,000) runs through June 2027 and carries a levy of 82'cents per $1,000 assessed value. He said the district can sell a replacement bond within a nine-month window and that timing (November 2026 or May 2027) affects interest rates and structure.
The district reviewed options modeled by Piper Sandler, including a 20-year schedule that preserves the current levy and a shorter schedule tied to a state match known in the transcript as…
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