TITLE

St. Louis School Board to Sell $25M Gos for Air Conditioning

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/13/2003, Vol. 344 Issue 31634, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The St. Louis Board of Education in Illinois is planning to sell 25 million dollars worth of general obligation bonds today in a deal that marks the district's first outing under a 120 million dollar voter-approved borrowing authorization to retire outstanding debt and raise new money for the installation of air conditioning in school buildings. District Treasurer George Byron anticipates that the change will generate about $9 million in additional aid annually for the district.“It will generate additional enough additional money to allow us to pay off the new bonds without raising property taxes.”
ACCESSION #
9893075

 

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