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Finance staff outlines $10 million bond spending and tentative 2025–26 budget timeline for Springfield Township SD
Summary
At a finance committee meeting, a district staff member reviewed a just-under $10 million bond issuance funding several capital projects, progress on roof and athletic-field work, plans and schedule for a middle school renovation through December 2026, and a multi-year $10 million-per-year borrowing strategy tied to the 2025–26 budget calendar.
A finance staff member for Springfield Township SD told the finance committee on Oct. 24 that the district used a just-under $10,000,000 bond issuance from a $410,000,000 plan to fund multiple capital projects and that work is underway on roofs, athletic fields and an ADA ramp.
“ We did a, just under $10,000,000, bond issuance, to fund the projects that you're seeing on the screen right now,” the staff member said, describing how the bonds were earmarked across several projects including a multi‑phase high‑school roof replacement and the middle‑school renovation that will go out to bid.
The staff member said phase 2 of the high‑school roof work is wrapping up but required extra punch‑list and cleanup work associated with the roofing contractor Jotun. For phase 3, the district plans to use a cooperative vendor‑selection approach with CHA (formerly Dewey) and warned that using different roofing vendors in separate phases had led to inconsistent results previously.
On athletics, the staff member said the track and field renovation was split into two…
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