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November 11, 2020

How Lower Taxes Meant More Funding For The Alma School District

Normally, when a school district needs funds for capital construction projects, it does not ask voters for less in taxes. But that is exactly the plan the Alma School District proposed and its voters endorsed on Nov. 3, when they approved bond initiatives that will both lower their mileage — from 43.4 to 42.4 — and generate $10 million for much-needed construction projects. The funding will cover new agriculture facilities, a multipurpose student activity center, improving administrative offices, existing building maintenance, and an early childhood education program.  

The selling of bonds has always been kind of complicated, and it would be absolutely impossible for a school district to do a bond issue without a financial advisor. Stephens has been a partner to the Alma School District for over 50 years. Read the conversation between David Woolly, Superintendent of the Alma School District, and Kevin Faught, Senior Vice President of Public Finance at Stephens, to learn more about this successful project.

Read more here.

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