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Marple Newtown board authorizes bonds for elementary project, posts $119.32M proposed budget for public inspection
Summary
The school board approved authorization to issue new bonds to fund an elementary school addition and to refund 2016 bonds, and it moved the proposed 2026–27 $119,320,000 budget to public inspection. Board members heard a financial presentation on structure, timing and debt-service impacts.
The Marple Newtown School Board on April 28 authorized the district to issue new bonds to finance a planned elementary school addition and to refund outstanding 2016 bonds, and it approved a motion to publish the proposed 2026–27 budget, $119,320,000, for public inspection.
A financial adviser presenting the plan told the board the proposal includes roughly $35,000,000 of new money for the elementary construction and about $25,700,000 to refund 2016 bonds, producing a…
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