[10/18/16] Methow Valley School Looks At $2 Million Limited General Obligation Bond

Posted in Education, Local Government & Meetings

The Wednesday, October 26 Methow Valley School Board meeting will include a public hearing to gather input on the school district’s proposal to obtain a $2 million loan in the form of a Limited General Obligation Bond.

The district plans to pay back the principle on the loan using the Capital Projects Facility Improvement levy dollars.

Funding allocated through the district’s budget development process will be used to pay the interest on the Limited General Obligation Bond.

Just what does that mean? And, has it been done before?

Those are the same questions we had and have scheduled an interview with Methow Valley School District Superintendent, Tom Venable and will share details from that with tomorrow. (Wedensday)