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Board hears RSA bonding analysis and adopts resolution enabling finance corporation to issue revenue bonds for elementary project
Summary
RSA representative told the board the district has about $12.1 million of borrowing capacity; two BG‑1s totaling $2.62 million were identified for an elementary project and the board adopted a resolution authorizing the finance corporation to issue revenue bonds to support district financing.
Lincoln, a representative of RSA, presented the Walton‑Verona Independent School District’s debt and revenue analysis and walked the board through a conservative 20‑year projection of outstanding debt, local revenue "nickels," capital outlay and state equalization. He said the district’s maximum borrowing capacity under current assumptions is about $12.1 million and that issuing two BG‑1 bond requests totaling $2,620,000 would be sufficient to finance the elementary…
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