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DPSCD finance report: $15M Cooley allocation, $7M for Davis Aerospace and operating cash updates
Summary
CFO reported October finances: ~$9M received on 13 mills, supplemental payments and interest-only payments noted, and newly received one-time state allocations for Cooley ($15M) and Davis Aerospace ($7M). Board discussion acknowledged legislative help and next-step facility planning.
The district's chief financial officer reported October financials to the board, including local millage receipts and recent state appropriations tied to facility projects.
Key numbers: The CFO said DPSCD received approximately $9,000,000 from the 13-mill levy and roughly $2,500,000 on the operating millage in the reporting period, and that a one-time interest-only capital debt payment of about $23,000,000 occurred in October. Year-to-date balances and supplemental payments were discussed, and the CFO…
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