District news
IRS fee of $644,227 eats most leftover bond money
What happened
The district owed a $644,227 IRS arbitrage fee on its 2022 bonds because it earned more interest on the money than the bonds cost. Only $967,495 of bond money was left. The rest of the bond projects are done.
Why it matters to families
About two-thirds of the leftover construction money went to the IRS instead of school projects.
The evidence
December 10, 2025 minutes, work session items 1 and 2, give the remaining balance and the arbitrage fee.
The source
December 10, 2025 board meeting minutesSee the full record for Emery County School District.
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