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Hartford J1 board approves resolutions to place $8.2 million bond referendum on November ballot
Summary
The Hartford J1 School District Board on Aug. 20 approved an initial resolution authorizing up to $8.2 million in general obligation bonds and a second resolution to place a single referendum question on the November ballot. District finance staff said about 60% of project costs would be bond-funded and about 40% paid from existing capital funds.
The Hartford J1 School District Board of Education voted Aug. 20 to authorize the district to seek voter approval of up to $8.2 million in general obligation bonds and to place a single referendum question on the November ballot.
Mr. Majeris, speaking from the district's financial team, told the board that the $8.2 million figure represents roughly 60% of the planned project costs, and that the district intends to cover the remaining 40% from its existing capital reserves (fund 46). "This dollar amount signifies about 60% of the total amount, and the district is…
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