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Forest Hills board moves to authorize first series of 2023 bonds, up to $190 million
Summary
The board reviewed a resolution authorizing the issuance of up to $190,000,000 of the 2023 bond package to fund school construction, an aquatic center and renovations; finance staff said the issuance will not increase the district's current tax levy (6.05 mills).
The Forest Hills Board of Education reviewed a resolution to authorize the first series of bond issuance under the district's 2023 bond program, allowing up to $190,000,000 to be sold against the $340,000,000 voter approval. Dr. Michaud told the board the proceeds are intended to fund design and construction across the district, including a new aquatic center, renovations to athletic facilities, playground and technology upgrades. "This first series will cover projects across eight school learning environments and is structured so it will not increase the current tax levy," Dr. Michaud said.
Board members were provided the schedule and priority list on the district website and were told construction on several projects is aimed to begin in June. The resolution gives the business office and underwriting teams authority to access the bond market; the board packet stated the issuance is planned to cover costs through 2027. No new tax‑levy rate was proposed during the discussion; Dr. Michaud reiterated the district's current levy of 6.05 mills as the baseline used in planning.
