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GF school committee eyes bonding for facility needs

By Doug Barrett Feb 10, 2022 | 9:14 AM

The Grand Forks School Board will consider selling bonds to help deal with looming facility needs.  The 20 year note would generate a large sum of money up front to begin to tackle maintenance issues at schools across the district.

The bonds would be repaid using a portion of the ten mill increase in the building fund approved by voters last fall. The tax bump will generate around $2.5 million additional dollars each year.  The school district finance committee is recommending the district target one-million dollars as payment to raise some $16 million dollars in cash.

The full board is expected to review the recommendation at a meeting on Monday night.

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