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SPRING CONFERENCEWRAP-UP

BY DON HARRIS
Need Capital Funding? Here

Are Some Alternative Sources

Michael LaVallee Nate Bowler

School districts that have been coping with drastic reductions
in capital funding for several years were given potential alternative
sources of much-needed money. “If you want to repay the debt in ten years, and
Michael LaVallee, Managing Director of Stifel, a full service
brokerage and investment banking rm, and Nate Bowler, Assistant life of the project is longer, you will be having
Superintendent of Business Operations, Buckeye Elementary current taxpayers foot the bill, and when people
School District, walked AASBO members through the complex
world of bonds and overrides. move into the district in year 11 and beyond, they
During a breakout session at AASBO’s Spring Conference on
April 5, they identi ed sources for nancing capital needs, such get exclusive use and they pay no taxes for the
as buildings, furniture, and equipment. ose sources include the buildings that have at least 20 more years of use.”
School Facilities Board, bond authority, capital override authority,
— Michael LaVallee, Managing Director of Stifel

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