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West Chester Area SD receives PFM briefing on roughly $33 million bond plan, schedules March parameters vote
Summary
A municipal advisory presentation outlined a potential roughly $33 million bond issue to finish capital projects, explained how timing uses debt drop-offs to limit near-term debt service, and proposed a parameters-resolution timeline with board consideration in March.
Garrett Moore, municipal advisor with PFM, told the West Chester Area School District property finance committee on Feb. 17 that the district may need about $33 million in new borrowing to complete current construction phases, a districtwide automation system and several school projects.
Moore presented interest-rate history, the district's existing debt-service schedule and call dates and said the financing plan uses a near-term drop in existing debt…
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