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Board reviews $800,000 track-only vs. $4.6 million turf-and-track financing; March vote possible
Summary
Lower Moreland officials presented two financing scenarios for field improvements: an $800,000 track-only option (roughly $120,000 additional annual debt service) and a $4.6 million turf-and-track option (roughly $600,000 additional annual), and warned the larger option could require exceeding the Act 1 index or dipping into capital funds. The board did not vote but discussed timing and next steps for a potential March vote.
Miss Ovington, speaking for the district's business and finance team, presented financing options for an athletic-field project under consideration and asked the board to consider the trade-offs before a possible vote in March.
"Scenario 1 being the $800,000 for the track only, and scenario 2 being the 4,600,000.0 for the turf and track," Miss Ovington said while walking the board through an assumptions table and financing columns.
She told members the district is constrained…
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