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Financial adviser tells board debt profile improves by 2029; presents millage scenarios for capital plan
Summary
Financial adviser from First Tryon told the finance committee the district will have about $235 million in debt outstanding at fiscal year end and presented scenarios (55, 50, 46 mills) showing varying available capital for a 10‑year CIP; installment purchase bonds are slated to retire, creating future capacity.
The Berkeley County School District’s finance committee heard a capital‑funding briefing on April 20 from David Cheatwood of First Tryon that outlined current debt, a 10‑year capital improvement plan and options for setting next year’s debt‑service millage rate.
Cheatwood said the district will have approximately $235 million in outstanding debt as of June 30, 2026, composed of general obligation bonds and installment purchase revenue bonds. He reviewed the district’s 10‑year…
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