Schools may borrow money to save money
Superior board holds budget planning meeting Monday
August 19, 2021
During a Superior Public Schools budget workshop, Monday evening, members of the Superior Board of Education mostly agreed with a proposal to utilize a lease purchase agreement to hopefully save district patrons money.
Matt Fisher and Tobin Buchanan, both vice-presidents from Public Finance, talked with the board about lease purchase agreements. Many schools have used them to lock in a price and pay back the money borrowed over time. In the past, lease purchase agreements have commonly been used by schools to finance equipment that could be repossessed like buses. Now school districts are...