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Greencastle board opens first public hearing on proposed bonds for school projects
Summary
The Greencastle Community School Corporation held the first required public hearing May 19, 2025, under Indiana Code 6-1.1-20-3.1 on a proposed lease/bond plan to finance construction or renovation projects; Stifel financial advisor outlined financing and potential taxpayer impact; no public comments were received.
The Greencastle Community School Corporation Board of School Trustees held the first of two statutorily required public hearings on May 19, 2025, on a preliminary determination to issue bonds and enter into lease agreements to finance construction or renovation projects. Superintendent Jeff Gibboney explained the hearing requirement "pursuant to Indiana Code 6-1.1-20-3.1," and presented the need for the proposed projects.
Matt Schumaker of Stifel, Nicolaus & Company, the district's financial advisor, summarized how the proposed projects would be financed and discussed the potential effect on a typical property taxpayer. Board President Ed Wilson opened the hearing for public comment; no members of the public spoke and the board closed the hearing. The hearing record and proof of publication in the Banner Graphic were presented at the meeting. The board will hold a second public hearing as required by statute before any bond issuance or lease agreement is finalized.
