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Advisers outline phased borrowing plan that could fund $50M in Northern Lehigh school projects
Summary
Financial advisers presented a multi‑stage municipal bond plan to phase in borrowing over several years, showing examples of $15M tranches and a projected $500,000 annual budget phase‑in; board members asked about tax impacts, use of fund balance and next steps including architect scoping and a dedicated forum for community input.
Financial advisers on Tuesday gave Northern Lehigh School District officials a detailed look at how the district could finance a large “common campus” project by phasing borrowing over several years.
Brad Remming of PMM Ali and a Raymond James underwriter walked the board through municipal‑bond concepts, tax‑exempt financing rules, and sample repayment schedules showing how three or more $15 million issuances could be structured to keep year‑to‑year budget impact smoother than borrowing all at once. The advisers presented an illustration that assumed 25‑year amortizations and a wrap‑around structure intended to limit spikes in annual debt service.
“Think of it like a 25‑year mortgage,” Remming told the committee, adding that…
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