Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Franklin County school board adopts preliminary resolutions to enable up to $4.2 million in bonds for buses and repairs
Summary
The Franklin County Community School Corporation unanimously adopted three preliminary resolutions that allow the district to issue up to $4.2 million in bonds to finance bus purchases and priority repairs at several elementary schools while aiming to keep the total tax rate unchanged, officials said. No public comments were offered at the hearing.
At a preliminary determination hearing, the Franklin County Community School Corporation voted unanimously to adopt three preliminary resolutions that would allow the district to issue up to $4,200,000 in bonds to fund bus purchases and priority facility repairs, officials said.
The action followed presentations from district staff and the district's underwriter, Stifel, Nicolaus & Company Incorporated. "We're not looking at a tax rate increase as part of this project," Matt Shoemaker of Stifel said, describing a financing structure the district's advisers say can be implemented while maintaining the district's stated total tax rate goal of $1.00.
Why it matters: Board members were presented a triage list of short- and long-term projects at several elementary schools and were asked to authorize the preliminary legal steps that permit the corporation to borrow…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
