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Riverview finance director outlines bond options, warns of delayed state aid
Summary
Riverview School District business and finance director Ms. Lubbert reported strong local tax collections but limited state and federal payments so far, presented debt and bond-issue scenarios (6M/8M/10M) with estimated annual budget impacts, and recommended staying under a $10 million non‑bank‑qualified threshold.
Ms. Lubbert, the district’s business and finance director, gave the fall finance update and walked trustees through revenues, outstanding debt and several bond-issue scenarios that could fund upcoming capital projects including a planned kitchen renovation.
“Of our $20,219,000 worth of local taxes, we’ve collected … almost $16,300,000,” Ms. Lubbert said, adding that state and federal receipts to date were small — “a little under $500,000,” including a roughly $86,000 payment noted as a 50% installment. She told the board those missing state and federal dollars are a timing risk that could affect budgeting if payments are…
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