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Board hears details of $72.5 million bond for primary facilities; furnishings included
Summary
Board members were briefed on the primary‑facilities master plan and a proposed $72.5 million bond that includes furnishings; the superintendent explained how furnishing amortization affects the bond’s maximum maturity and confirmed operating levies are separate (an operating levy is likely in 2027).
The Board Chair opened a facilities update and the superintendent reviewed the district’s primary‑facilities master plan and the proposed bond levy. The superintendent said the bond issue is $72,500,000 and includes funding for both buildings and furnishings.
Why it matters: The presentation clarified how the bond is structured and how nonbuilding costs factor into debt maturity, information voters will want if the district…
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