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Clinton Board of Education Hears of Possible Funding Sources for Future Facilities Projects

Facilities have been top of mind for the Clinton Board of Education in the last 18 months and at the Tuesday night monthly meeting, the Board was finally updated on how some of the dreams of administration would come to fruition. 

 

Superintendent Curt Nettles laid out two scenarios for the Board of Education Tuesday. The first involves a short-term bond to be issued that could be paid off within a year.

 

 

According to Nettles, the Board could begin movement on these bonds as soon as later this fall.

 

 

Nettles points out the district can issue the bonds without raising the tax rate. He also notes the district can do this by paying off an existing bond and re-issuing a bond and simultaneously keeping the tax rate at the lowest level in the area.

 

 

Looking longer term, Nettles points out decisions are going to be made after he has retired from his post but the Board will be able to issue more bonds for the bigger projects they have their sites on.

 

 

Nettles points out the decisions will be up to the Board going forward working with incoming superintendent Drew Goebel. Nettles calls this good debt because it keeps the tax rate steady and it isn't hurting property owners and is giving the district access to several million dollars. 

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