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Board reviews nearly $100 million financing plan and asks for tax‑impact scenarios
Summary
Financial advisers presented a revised financing plan that would generate nearly $100 million in project funds (working-cash bonds, sales‑tax secured alternate‑revenue bonds and Health Life Safety bonds); board members requested scenarios that avoid a property‑tax increase and a road map for pausing or prioritizing projects.
Board members heard an updated bond‑financing plan that combines working‑cash project bonds, alternate‑revenue (sales‑tax secured) bonds and Health Life Safety (HLS) bonds to fund remaining capital projects.
Anne from Stifle (speaker 20), the district’s advisor for the proposal, said the package now includes about $57.9 million in working‑cash project funds, roughly $36 million in sales‑tax (alternate‑revenue) bonds, and an increased HLS component of about $6 million, producing nearly $100 million in project funds. She said total net debt service…
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