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High school ventilation bids come in higher than expected; committee asks Ehlers for 4-year bond schedule

Princeton Public School District Finance Committee · November 19, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Bids for the high school ventilation project exceeded expectations; the committee discussed ways to cover the shortfall and asked Ehlers to model a four-year bond compared with a three-year bond.

Bids for the high school ventilation project were higher than expected, and the committee discussed multiple ways to cover the shortfall. The district asked Ehlers to run a debt schedule illustrating what a four-year bond would look like compared with a three-year bond.

Committee members did not adopt a financing plan at the meeting; the request to Ehlers is intended to inform a future decision about bonding and project funding.