By Benjamin Cox on August 4, 2021 at 4:00pm
Jacksonville School District 117 approved a $13 million bond sale in July. Superintendent Steve Ptacek said that the bond sale was highly successful, generating just a little under $12.5 million earlier this week.
Ptacek says the district got more money and a better interest rate than was forecasted: “We got more money with a lower payment. Right now, with our sales tax [revenue] for the first two months of this fiscal year are totaling $116,000 extra compared to two years ago, and we received somewhere around $2.4 million, adding on another $116,000 just in two months. At that pace, we will easily make the bond payment and probably have some access funds left over for some other projects.”
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