School Board Sells Bonds

The Lincoln Parish School Board (LPSB) sold $8 million in general obligation (GO) bonds to fund various projects in the Ruston School District at yesterday’s meeting of the board. This is the first bond sale of about $20 million total that was approved by the voters in an election last fall.

An interest rate of 2.86% was obtained on the sale, compared to an estimated rate of 4%, according to bond attorney Grant Schleuter of Foley & Judell, LLP.

Schleuter said the good rate was a result of the district’s overall financial health and a sound fiscal oversight team.

In Reports, School Improvement and Accountability Coordinator Donna Doss gave a presentation of the upcoming Partnership for Assessment of Readiness for Colleges and Careers (PARCC) testing. In late March “field testing” of the program will begin.

The tests will be conducted online and will give administrators feedback on implementing the program. The program is designed to develop a common set of K-12 assessments in English and math anchored in what it takes to be ready for college and careers.

Technology/Instructional Facilitator Debbie Pender said the schools were all sufficiently prepared from a technology standpoint for the tests.

Superintendent Danny Bell told the board of another potential charter school application via a letter of intent from Kia Baldwin Richardson. The application deadline is March 7.

5 Responses to “School Board Sells Bonds”

  1. NoDebt Says:

    If we could get 25000 citizens of Lincoln Parish to contribute $800 each, we could pay this sucker off tomorrow: BLAM! FINISHED!!
    Of course, then they would probably borrow some more.

    • Mr. E Says:

      Sorry, but I’m not interested in building Ruston High a new football stadium or better football training rooms or whatever other unnecessary foolishness the School Board is wasting this money on!

  2. NoDebt Says:

    Well, first I should have stated that: I am all against unnecessary spending. As long as people (think they) are spending someone else’s money, hey, the sky’s the limit. Gold-plated government all the way.
    After all, it’s for the children…

  3. Anonymous Says:

    cypress springs don,t care about kids being bullied, they just care about what they are wearing, meaning, uniforms. they don,t take it serious at all.

  4. Anonymous Says:

    I, think more parents need to complain about the way their children are being treated and ignored at schools,especially,the new teachers at cypress springs.

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