Mt. Vernon Register-News


December 23, 2013

MVTHS looks at funding options

Use of bonds being considered to deal with new school costs

MT. VERNON -- — Mt. Vernon Township High School officials are considering several options for raising additional revenue in light of the new school project being over-budget.

The primary options include issuing $4 million in remaining premium bonds, extending the district's tax cap borrowing for up to 20 years or selling alternate revenue bonds.

No decisions have yet been reached regarding these options. A special MVTHS Building Committee meeting has been set for 3:30 p.m. Dec. 30 to continue talks on the new school project.

Learn more Tuesday on this site or in the print edition of the Register-News.

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