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Crown Point board approves preliminary resolutions to authorize up to $150 million in future bond issuances
Summary
The Crown Point Community School Corporation board held the required second public hearing and approved four preliminary resolutions authorizing up to $150 million in potential bond issuances over the next 5–10 years, citing flexibility needed to respond to changes from Senate Enrolled Act 1.
The Crown Point Community School Corporation on March 23 held a public hearing and approved four preliminary resolutions that authorize the district to issue up to $150 million in bonds over the coming years.
Mr. Reese, the district’s chief financial representative, told the board this was the second required hearing and framed the authorization as a tool to preserve “the greatest amount of flexibility” to manage fiscal impacts from Senate Enrolled Act 1 over the next five to ten years. “What we’re asking for is…
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