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Goshen Community Schools approves $2.7 million bond issue to pay for building improvements

Goshen Community Schools

The Goshen Community School Board approved three resolutions Monday evening to issue a three-year, $2.7 million general obligation bond. The money will be used for improvements to school buildings, as well as technology purchases and equipment upgrades.

District chief financial officer Bob Evans said the proposed school upgrades are expected to cost $2.6 million. Issuing the bond will cost $100,000, for a total of $2.7 million.

“The purpose of the project is to provide an improved educational environment for students,” Evans said.

He also said that due to the upcoming maturity of the district's existing general obligation bonds, the new bond is anticipated to have a negligible impact on the Debt Service Fund tax rate. That means local property taxes should not increase.

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Jakob Lazzaro comes to Indiana from Chicago, where he graduated from Northwestern University in 2020 with a degree in Journalism and a double major in History. Before joining WVPE, he wrote NPR's Source of the Week e-mail newsletter, and previously worked for CalMatters, Pittsburgh's 90.5 WESA and North by Northwestern.