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Newport Council commits $2.92 million to finish Rogers High School after funding debate
Summary
After a lengthy debate over using bond proceeds, reserves or CIP cuts, the Newport City Council voted to commit $2,918,809 to complete Rogers High School construction, while asking for further analysis on bond-rating impacts and potential contractor contingency rebates.
The Newport City Council voted to commit $2,918,809 to complete construction work at Rogers High School after hearing five funding options from city administration. Councilors debated tapping bond proceeds, drawing from the general fund, and deferring capital projects before approving a commitment by voice vote.
The administration presented five ways to close the $2,918,809 gap: use bond proceeds in full; take $2,000,000 from general fund reserves and the balance from the bond; appropriate the full amount from the…
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