The new school will come in under $48 million, of which we'll be paying $3.25m as lease payments for the next 17 years. That's a serious burden unless D65. Maybe they can find a way to get money from the 5th ward TIF after the City sells off City Hall (I'm researching this) but otherwise it's $3.25m per year.
The new school will come in under $48 million, of which we'll be paying $3.25m as lease payments for the next 17 years. That's a serious burden unless D65. Maybe they can find a way to get money from the 5th ward TIF after the City sells off City Hall (I'm researching this) but otherwise it's $3.25m per year.
The reserves are gone now and there is $0 for the other buildings and I don't see any way to fund that without a referendum. Maybe some Board candidates have better ideas but I don't have any.
We don't even know if they'll be able to make the cuts that the Board approved via the SDRP. Lots of unknowns, especially with transportation costs.
The math is not good.
The new school will come in under $48 million, of which we'll be paying $3.25m as lease payments for the next 17 years. That's a serious burden unless D65. Maybe they can find a way to get money from the 5th ward TIF after the City sells off City Hall (I'm researching this) but otherwise it's $3.25m per year.
The reserves are gone now and there is $0 for the other buildings and I don't see any way to fund that without a referendum. Maybe some Board candidates have better ideas but I don't have any.
We don't even know if they'll be able to make the cuts that the Board approved via the SDRP. Lots of unknowns, especially with transportation costs.