Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Dallastown Area SD hears plan to finance York Township Elementary; parameters resolution expected Feb. 12
Summary
Raymond James told the Dallastown Area School Board the district would seek roughly $27.5 million in construction proceeds for the York Township Elementary project and will return Feb. 12 with a parameters resolution authorizing borrowing (the resolution will set a higher ceiling, cited as $31.5 million, to allow flexibility).
At its Jan. 15 meeting, the Dallastown Area School Board heard an informational presentation from financial advisors at Raymond James on a proposed bond financing to fund construction at York Township Elementary.
Raymond James outlined the district’s current debt picture, explained that the state’s PlanCon reimbursement program remains in moratorium so future projects will be paid entirely from local resources, and said the district needs about $27.5 million in construction proceeds to complete the York Township work. The advisors described the next step as a parameters resolution to be considered at the board’s Feb. 12 meeting that would…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat