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Romulus board authorizes preliminary bond-qualification process amid questions about scope and timeline
Summary
The Romulus Community Schools board voted Oct. 28 to begin a preliminary qualification (PQ) process for a voter-backed bond to fund district facility needs, after lengthy discussion of capacity, millage limits and a needs assessment. Trustees and the district’s financial adviser said final figures will be driven by state review and further analysis.
The Romulus Community Schools Board of Education voted Oct. 28 to authorize the preliminary qualification process to pursue a voter-backed bond to finance district facility repairs and upgrades.
The board’s action, supported by the district administration and a municipal finance adviser from PFM Financial Advisors LLC, begins state and Treasury-level steps to calculate how much the district could raise without increasing the current debt millage. A resolution authorizing those preliminary steps was moved and approved on a roll call recorded in the meeting transcript; one trustee registered dissent during the vote.
Why it matters: district staff and the financial adviser said a successful bond could pay for projects identified in the district needs…
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