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District reports $105.7 million bond sale, summer feeding operations and construction progress
Summary
Superintendent reported that the district’s recent bond issuance sold for $105,678,779 at an interest rate of 4.52%; the superintendent also highlighted the district’s summer feeding program, construction progress at multiple schools, and continued focus on safety and transportation recruitment.
The superintendent reported to the Putnam County School Board that the district’s recent bond issuance sold for $105,678,779 and carried an interest rate of 4.52 percent, a rate the superintendent described as about 25 basis points lower than the prior year’s sale.
The report covered ongoing summer feeding programs to ensure access to meals for students during the break, progress on construction and renovation projects at Palaka Intermediate, Middleton Bernie and Crescent City Junior/Senior High, and continued efforts to recruit transportation drivers. The superintendent also noted the district’s attention to safety protocols at graduation events and said speeches that were rained out were recorded and will be published on the district website.
Why it matters: The bond sale provides financing for capital projects the board discussed, and summer feeding and construction updates affect student operations and planning for the coming school year.
Next steps: Administration will continue project updates and post recorded speeches on the district website; transportation recruitment remains active.
