7/15/14 - Summer may be time for school students to take a break from their studies, but several schools in the Brighton Area School District are a beehive of activity. Workers are busy with another phase of the $89 million bond issue passed by the voters in 2012. Superintendent Greg Gray tells WHMI that elementary schools and Maltby Intermediate are getting the lionâs share of activity with major upgrades in facilities, equipment and classroom tools. The work is part of the second phase of the bond issue following the sale of the second series of municipal bonds last December, which encompasses most remaining aspects of the bond issue. The school district was originally going to go to the bond market to sell the bonds several months prior to that, but decided to hold off because at the time, local governments were feeling a ripple effect from Detroitâs financial problems, and interest rates werenât favorable. The decision to wait turned out to be a wise one, since the interest savings for district taxpayers will be in the millions of dollars. The only bonds remaining to be sold from the overall l bond issue now are the last series of technology bonds, totaling $4.6 million. The âtechâ upgrades are being added incrementally because technology becomes obsolete so rapidly in the 21st Century. (TT)
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