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Litchfield Elementary board authorizes up to $50 million in bonds, approves FY26 budget revision and ratifies Troy Gilbert waterline agreement
Summary
At its Dec. 9 meeting the Litchfield Elementary School District Governing Board unanimously authorized the sale of up to the remaining $50,000,000 in school improvement bonds, approved its first FY26 budget revision, ratified a Liberty Waterline extension for Troy Gilbert Elementary and adopted the 2026 meeting calendar.
The Litchfield Elementary School District Governing Board unanimously approved a package of financial and operational actions at its Dec. 9, 2025 meeting, authorizing the district to proceed with a bond-sale authorization, adopting a fiscal-year budget revision and ratifying an agreement for a waterline extension at Troy Gilbert Elementary.
CFO Vaughn told the board the resolution would “allow the district to sell up to the remaining $50,000,000 of authorization” stemming from the district’s November 2023 bond election and said the district may choose to structure sales in multiple offerings to maintain a consistent tax rate for the community. Vaughn said the board and staff had completed due diligence on a draft preliminary official statement and would meet with rating agencies and the district’s investment bankers before any…
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