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Finance committee approves millage summary, hears $43.6M borrowing plan and potential 2015 refunding
Summary
Committee accepted a debt-service millage summary and recommended sending the millage levy information to the county auditor; staff outlined a proposed borrowing of $43,570,000 tied to the approved 8% program and a possible refunding of 2015 B series if it yields at least $1.5M in net savings.
The Beaufort County Board of Education Finance Committee reviewed the district’s debt-service millage summary on June 20 and moved to present the millage levy information to the county auditor for planning. Committee members voted to forward the millage summary by voice vote after a presentation by Mr. Nurick.
Nurick walked the committee through the millage calculations and cash…
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