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Plainfield schools hold preliminary hearing on $20.26M GO bond to pay for roofs, HVAC, security and buses

Plainfield Community School Corp · January 10, 2026

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Summary

At a required preliminary hearing, district finance staff outlined a proposed $20.26 million general-obligation bond to fund a middle-school roof (~$2 million), HVAC upgrades at Central and Plainfield High School, district security upgrades and bus/vehicle replacements; no public comments were offered at the hearing.

The Plainfield Community School Corp. held the first of two required preliminary determination hearings on Jan. 8 for a proposed $20.26 million general-obligation (GO) bond the district intends to issue to fund capital projects.

Finance staff explained the statutory requirement for two preliminary hearings before issuing debt and outlined the planned uses for the bond proceeds: approximately $2 million for roof repairs at the middle school; HVAC upgrades at Central and Plainfield High School; district security upgrades, including cameras and servers; replacement of buses and several district vehicles; and other high-dollar capital hardware and systems slated for replacement. Finance staff also described year-end fiscal positions: the education fund was 94.3% expended for 2025 and the district's year-end cash balance was $30,379,822; interest income for the month was $74,729.

No members of the public offered comments during the hearing. Finance staff said the district will hold a second required preliminary determination hearing in February before finalizing the issuance plan. The transcript shows items the district expects to cover with bond proceeds but does not include a final resolution or vote to issue debt at this meeting.

Board members approved recommended year-end transfers and claims earlier in the meeting, items staff said are consistent with standard year-end fiscal practice and will not, according to staff remarks, preclude the district from proceeding with the bond process.