Showing posts with label 2nd bond. Show all posts
Showing posts with label 2nd bond. Show all posts

Sunday, May 12, 2013

Mt. Lebanon in the PSBA news

Mt. Lebanon School District: ... The district is delaying borrowing the final $34 million necessary to complete the project with the expectation that state funding will be on-going at that time. However, with Act 1 limitations, the district has serious concerns about the ability to provide funding for the bonds if it does not receive the $450,000 missing in state subsidy on the first bond issue as well as the subsidy on the second bond issue once it is issued.