The board gave preliminary approval to a resolution to pursue revenue bonds of up to $40 million, over a 20‑year term not to exceed a 6 percent interest rate, to fund district priorities focused primarily on high‑school facilities and programming. Andrew Jaro of Foley & Judell, bond counsel, told the board the procedural resolution sets maximum parameters, authorizes application to the State Bond Commission and engages professionals to shepherd the process.

Rationale presented: Superintendent Cole pitched the idea as a way to invest in the “overall high school experience,” listing four priority areas: performing arts (lighting, curtains, uniforms), career and technical education labs, athletics and facility upgrades (turf fields, press boxes, weight rooms). He said the district might be able to use debt service dollars that will be freed when existing bonds mature to avoid raising taxes. “We want to be fair and equitable based on need across the board,” he said, and proposed a needs‑assessment for each high school to inform distribution of funds.

Board debate and safeguards: Trustees discussed timing, potential effects on other budget commitments and the need to avoid overburdening future operating budgets. Some members urged caution about adding debt while salary and compensation work for staff is ongoing; others said the bond represents an opportunity to fund capital upgrades without changing tax rates. The resolution was presented as preliminary — not an authorization to sell bonds — and staff emphasized further approvals (including State Bond Commission review) would be required.

Next steps: If the board proceeds, staff will ask high schools for needs assessments, prioritize projects districtwide and present a formal financing plan to the board; bond counsel will file required applications. The board approved the preliminary resolution and authorized the professionals listed in the agenda to begin the process.