Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Broken Arrow school finance update: $509,000 midterm allocation drop and board approves bond sale preparations
Summary
District finance staff reported a roughly $509,000 reduction in state aid after midterm equalization and the board approved a preliminary official statement to pursue a $32 million taxable bond sale and scheduled a second $11 million sale for March 3 to fund transportation, maintenance and technology.
Broken Arrow Public Schools finance staff told the school board on Jan. 13 that a midterm allocation adjustment reduced the district’s state aid by about $509,000, and trustees approved steps to sell two series of bonds to support capital priorities.
Finance staff reported that the district began the year with an estimated allocation of roughly $70.9 million and was lowered to about $70.405 million after midterm equalization—"about a $509,000 decrease from where we began…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
