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Pleasant Valley amends 2025–26 budget and authorizes roughly $12.5M sales‑tax bond sale
Summary
Board approved a mid‑year budget amendment and authorized a sale of approximately $12.5 million in sales‑tax revenue bonds after advisors reported competitive bids; the district said bond proceeds and premium will fund building projects and reduce required cash on hand.
The Pleasant Valley Community School District board voted to amend its 2025–26 certified budget and to move forward with a same‑day sealed bid sale of sales‑tax revenue bonds to fund building additions.
Finance staff told the board the mid‑year amendment was a standard procedure to ensure the district has authority to spend projected revenues and to avoid exceeding certified budget categories. Staff described the amendment as authorizing additional spending to reflect miscellaneous revenues and fund balance adjustments; the public hearing on the amendment was opened and…
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