Canon-McMillan Looking To Save Money

April 15, 2023 3:53 am

The Canon-McMillan School Board met Thursday evening for their monthly agenda meeting. Two financial items stood out. Both items are bond issues for the district. According to Deputy Superintendent Scott Chambers, the district will be refinancing one bond at $7.2 million and a second bond at $20.5 million. Chambers said that market conditions are right to be able to go out and refinance the bonds to save taxpayers money. He said the bonds fund various construction projects throughout the district. Chambers did also say that the budget and finance committee met on Wednesday and are actively formulating a budget for the 2023-2024 school year. A preliminary budget is anticipated in May. Final budget approval will be in June. A small tax increase is anticipated, but Chambers did say that everything is still being studied and numbers could change before June.