Butler Area School District administrators are continuing with the process of gathering information before making a decision about borrowing money for capital projects.
Superintendent Dr. Brian White confirmed to the school board that there is a need in the district for significant capital work in order to maintain a safe, warm and dry environment for students. To that end, White is working with architects and consulting with maintenance employees to develop a comprehensive list of priority projects with costs.
The board heard in August about a plan to issue up to $10 million in new bonds without a higher debt service payment. Now, some board members have questions about the fees involved in that transaction as well as the total amount of interest that would be paid over the life of the loan.
In order to get the best rate, action would need to be taken by November, at the latest, in order to allow for the bonds to sell and close by the end of December.
Written By: Ryan Saeler for the Butler Radio Network