District news
District takes on a lease-purchase and about $4.9 million loan to match the state grant
What happened
The board approved pursuing a lease-purchase with a local bank to pay the district's share of the BEST project (May 27) and on June 30 noted a $4.8725 million loan while adopting a balanced 2026-27 budget.
Why it matters to families
Borrowing sets payments the district must make for years, and it uses the current school property as collateral.
The evidence
The May 27, 2026 minutes record the motion to pursue the lease-purchase; the June 30, 2026 minutes record the $4.8725 million loan and the budget vote.
The source
June 30, 2026 special meeting minutesSee the full record for Elbert County School District C-2 (Kiowa).
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