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Penn-Trafford board hears options for $10M repairs or a $65M rebuild as capital needs grow
Summary
Board members were presented with the district's debt profile, a prioritized facilities needs list and three financing options — a large new-school bond (~$65M), a targeted borrowing (~$10M), or continued annual capital transfers (currently budgeted at $580,000) — and asked for clearer budget line items and minutes verification on millage commitments.
The Penn-Trafford School Board heard a detailed presentation on the district's capital needs and financing options at its April meeting, with staff warning that projects bid or estimated to date total roughly $4.9 million but could approach $10 million after fuller pricing.
The presentation, delivered by district staff, outlined three paths: pursue financing for a new school estimated at about $65 million; pursue a smaller targeted loan of roughly $10 million to address priority repairs across several buildings; or continue the current approach of annual capital transfers from the general fund…
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