District sells $30 million in bonds to fund school construction projects

May 24, 2025 | Port Angeles School District, School Districts, Washington


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District sells $30 million in bonds to fund school construction projects
The Port Angeles School District Board convened on May 22, 2025, to discuss several key financial updates and policy considerations. The meeting highlighted the district's ongoing financial strategies and adjustments in response to recent developments.

The session began with a focus on the district's budget status, particularly the debt service fund. Board members noted that funds had been accumulating in this account since the construction of Jefferson Elementary School. These funds are earmarked for capital improvements related to previous projects.

A significant highlight of the meeting was the recent sale of $30 million in bonds, which took place on May 20 at an event hosted by DA Davidson. Board members expressed enthusiasm about this development, noting that the funds would soon be deposited into the debt service fund. This infusion of capital is expected to help cover soft costs associated with the construction of Port Angeles High School and Franklin Elementary School.

Additionally, the board addressed Policy 31 41, which pertains to choice transfer students from outside the district who wish to enroll in Port Angeles schools. This policy discussion is part of the district's ongoing efforts to manage student enrollment and ensure equitable access to educational opportunities.

In conclusion, the meeting underscored the district's proactive approach to financial management and policy development, setting the stage for future improvements in school facilities and student enrollment strategies. The board plans to continue monitoring these initiatives in upcoming meetings.

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