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Montoursville board hears plan for roughly $15 million bond to fund projects and consolidation
Summary
Financial advisors from Raymond James outlined a hypothetical $15 million bond structured around existing debt to limit near-term tax impact, saying operational savings from consolidation could cover most debt service while requiring about $1 million in one-time funds until savings begin.
Montoursville Area School District board members heard a presentation Jan. 14 from Raymond James Public Finance laying out options to finance planned capital projects and a proposed school consolidation.
Ken Phillips, a Raymond James adviser, described the district's history of conservative borrowing and walked the board through the district's current indebtedness. "The district has never borrowed money frivolously," Phillips said, arguing the timing and structure of any borrowing should be carefully considered.
Lauren Stadel, also with Raymond James, said the firm modeled a hypothetical…
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