District outlines financing options and says consolidation could free funds for other buildings

District officials described how financing might work if voters approve a referendum and the district proceeds with a new build. O'Connor and Joe Smith said the district has used working cash bonds and life-safety bonds in the past and is evaluating a potential 30-year bond for the new elementary; terms (callable versus non-callable) and final rates are still under negotiation.

O'Connor said consolidation would free up working-cash and life-safety resources to address needs elsewhere (South, junior high) and that the roughly $600,000–$700,000 in annual savings would be realized after the building opens. "Those savings would not be realized until the building is complete in 2029 in August," he said, adding the district will work with a financing team to seek the best rates and structure.