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District reviews bond scenarios that could pair with state match as staff outlines contingency plans for forecasted cuts
Summary
District staff presented bond scenarios that could produce roughly $17.8M (20-year option) or about $24.5M if paired with up to $12.25M in state "awesome" grant matching; the board reviewed timelines, useful-life rules and contingency plans for possible state funding cuts and agreed to continue planning.
District staff presented a range of bond options and contingency planning to the Carroll School District board on Monday evening, laying out how the district might pay for an estimated $16 million Aiken project while responding to an uncertain state funding forecast.
A presenter summarized two principal scenarios: keeping the existing tax rate of $0.82 per $1,000 of assessed value could fund a roughly $17.8 million bond issued over 20 years, or the district could pursue a shorter-term bond (12 years) and apply for the state "AWESOME" matching grant that staff said could supply up to about $12.25 million — producing roughly $24.5 million in combined funds. The presenter cautioned these were estimates and that timing matters…
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