Mitchell School Board approves two financing items for new high school

By Mitchell Now December 12, 2023 6:18 am

The Mitchell School Board on Monday night approved two items dealing with the financing of the new high school. The first item authorizes the issuance of $7.5 million in limited tax obligation certificates. Mitchell School District Business Manager Theresa Kriese noted during the meeting that interest rates have leveled to the rate from July, and they don’t anticipate another rate hike from the Federal Reserve. She added that with approval, they can go to the market at the beginning of the year. The second item authorized $17 million in general obligation bonds approved by voters in June to finish the high school and include athletic facilities. The new high school is currently under construction and is scheduled to be completed in early 2025.

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