Zionsville Times Sentinel

April 24, 2013

CFO gives update on school bond issues

By Andrea McCann
Managing Editor

Zionsville — The Zionsville Community Schools Board of School Trustees covered a lot of ground in a nearly three-hour-long meeting Monday night, April 22.

Chief Financial Officer Mike Shafer gave an informational report on the status of the school bonds. No action was required by the board.

“I’m here before you this evening because we wanted to have a discussion about our school corporation debt and a number of issues that relate to that,” he said.

Shafer went through the history of the bond issues, explaining that in the nine-year period 1996 to 2005 a total of nearly $262 million in bonds was issued because the corporation saw a tremendous growth in the late 80s and early 90s and found it necessary to expand its facilities.

See Wednesday's Times Sentinel for the full story.