Most eyes will be watching the Sandown Board of Selectman special meeting tonight about the minority withdrawal study. That’s good, but tonight’s school board meeting might have its own pockets of interest.
The agenda includes “Warrant Article Process” as an information item. This immediately struck me as odd because our board seldom does much so far in advance of a deadline. Then farther down into the agenda packet there is a notation for a Public Hearing on the budget and “Bond Issues” with a date of Jan. 14 indicated.
“Bond Issues” – plural?
Could the district be contemplating one or maybe two bonds for capital improvements – maybe associated with athletic facilities?
Here’s one reason why 2016 would be an opportune time from the district’s perspective to add new debt.
New bonds, if approved by a super majority vote of the entire district, will tie Sandown and restive Danville into the school district with a vice grip. Not only would any town wanting to withdraw have to pay out the existing bond that is nearing the end of its term (2020), but they would also have to buy out new bonding. Clearly it would be immensely impractical for small towns like Sandown or Danville to do this.
I could be way off in my speculation. We’ll see tonight – perhaps.