Aux Sable Middle School issued the following announcement on Feb. 10.
The Plainfield School District may sell up to $10 million in working cash bonds to ensure adequate funding for capital improvements this school year and for the next three school years.
District officials are taking this proactive step because of the impact of the Covid-19 pandemic on the district’s budget both this year and in coming years until the economy recovers.
The bond proceeds combined with $5.4 million in projected cost savings and increased revenues will help the district weather the ongoing pandemic’s financial impact.
Read more: www.psd202.org/news/1642
Original source can be found here.
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