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Board reviews $157.5M bond proposal with tentative $45M SBA match, narrows project priorities
Summary
Board previewed a proposed $157.5 million bond call (comprised of roughly $112.5M bond proceeds plus a $45M tentative School Building Authority match), reviewed project scopes — CTE center, middle- and high-school additions, HVAC and roadwork — and asked staff and architects to refine estimates for a follow-up meeting.
The Berkeley County Schools Board of Education spent the second half of its session reviewing a draft bond package the district plans to present to voters.
Staff introduced an Excel workbook that places the planning number at about $157.5 million: $112.5 million of local bond capacity plus a placeholder $45 million from the School Building Authority (SBA). "The number that we're working from here is going to be 157 and a half million dollars," a staff presenter said. Consultant Mr. Nasif told the board the package is roughly in line with the levy impact voters approved previously and offered an illustrative homeowner tax impact: "For a $200,000 home, the amount… is $243," he said in a worst-case planning scenario using a 5.5% interest…
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