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Board approves borrowing up to $4.48 million for the building project

Financial
Editorial graphic for Board approves borrowing up to $4.48 million for…
Editorial caption by Our School Board; base: Mike1979 Russia · by-sa

What happened

In December 2025 and January 2026 the board approved a resolution allowing the sale of up to $4,480,000 in general obligation promissory notes. Baird, the district's financial adviser, presented the finance plan for the referendum building project. Principal payments run from September 2026 to March 2046.

Why it matters to families

This is long-term debt that taxpayers will repay for about 20 years.

The evidence

The December 11, 2025 and January 8, 2026 minutes record unanimous votes on the "Resolution Establishing Parameters for the Sale of Not to Exceed $4,480,000 General Obligation Promissory Notes." In the December 11 recording (automatic captions), the Baird presenter says principal payments "go from September of 2026 out to March of 2046."

The source

January 8, 2026 regular meeting minutes

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