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Schuylkill Valley board signals preference to borrow for field house, avoids using major capital reserve
Summary
After debating options including using $3 million of unspent bond proceeds or up to $6 million from capital reserve, the board reached consensus to finance the SVST field house through borrowing rather than fully tapping capital reserve funds.
The Schuylkill Valley School Board spent significant time reviewing financing scenarios for the SVST field house, and after discussion the board recorded consensus to finance the project rather than deplete major capital reserves.
Board members and finance staff described three principal approaches: (1) finance the field house fully through borrowing (no district cash), (2) apply up to $3,000,000 of remaining unspent bond…
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