This is primarily why I think the Board was very stupid here and was mislead by Raymond James. The next largest lease certificate in the state of IL was for about $25m. The reason I would assume most districts don't use lease certificates for big projects like this is because it's a very inflexible funding mechanism, unlike a general obligation bond, etc.
This is primarily why I think the Board was very stupid here and was mislead by Raymond James. The next largest lease certificate in the state of IL was for about $25m. The reason I would assume most districts don't use lease certificates for big projects like this is because it's a very inflexible funding mechanism, unlike a general obligation bond, etc.
This is primarily why I think the Board was very stupid here and was mislead by Raymond James. The next largest lease certificate in the state of IL was for about $25m. The reason I would assume most districts don't use lease certificates for big projects like this is because it's a very inflexible funding mechanism, unlike a general obligation bond, etc.