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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