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Article: Toledo District Races to Market With $72.5 Million GO Sale.
- Article from:
- The Bond Buyer
- Article date:
- April 29, 2003
- Author:
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The Toledo City School District will jump into the market with $72.5 million of general obligation bonds tomorrow in an attempt to beat Ohio's other large urban school districts vying for funds as part of a $5.7 billion 10-year state school facilities program.
Toledo will be Ohio's first district this year to issue bonds after several of the state's six largest districts passed referendums last year to fund their portion of the Classroom Facilities Assistance program. The state will contribute $2.9 billion over 10 years for the largest districts. The districts must raise their portion, a total of $2.8 billion, before the state match is granted, said Rick Savors, ...