JEFFERSON TWP — The South Butler County School Board on Wednesday night heard a presentation on how it could finance large-scale renovations needed throughout the district.

Zach Williard of PFM in Harrisburg told the board that interest rates are currently low and conditions are favorable for issuing a bond.

He said the board could decide to borrow the entire amount, which is tentatively expected to range from $25 million to $35 million, at once or in phases as the upgrades and renovations continue.

Williard said the board is set to make its final payment in November on a current bond issue.

If the board borrowed $25 million over the term of 25 years, the annual payment of $1.6 million for the first two years and $1.5 million after that would not be a burden on the district's budget.

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