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Freeman School Board approves five-year plan using $1.2 million in capital outlay for stadium project
Summary
The Freeman School Board voted April 14, 2026, to finance the stadium project using $1.2 million from the district's capital outlay fund and a five-year certificate, choosing a five-year loan option the board said preserves flexibility while minimizing interest costs.
The Freeman School Board voted April 14, 2026, to approve a five-year financing plan that uses $1.2 million from the district's capital outlay fund to move forward with the stadium project.
Business manager presented three financing scenarios and told board members the district's capital outlay balance was "right at that 3 point over 3,200,000," laying out (1) a fully local five-year pay plan with roughly $830,000 annual payments; (2) a five-year loan combined with…
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