Bond program update: district proposes contingency transfers to complete seismic and deferred-maintenance work Facilities staff reported the bond program is largely on track but recommended transferring $40 million from contingency into seismic upgrades, deferred maintenance and a gym/cafeteria project, leaving a $15M contingency; staff cited actual costs exceeding early budgets and noted anticipated rebates and interest earnings.

A proposed $40 million transfer from our bond program's contingency aims to tackle seismic upgrades and critical maintenance, ensuring our schools remain safe and functional despite rising costs.

Learn more here!

#OR #CommunityInvestment #ConstructionCosts #SeismicUpgrades