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Jersey Shore Area School District seeks bond refinancing | News, Sports, Jobs

pcrossley@sungazette.com
JERSEY SHORE The Jersey Shore Area School District could realize a savings of at least $50,000, if not more, from the refinancing of debt following approval of a resolution setting the process in motion.
Under the motion, the district administration will work with PFM Financial Advisors LLC along with a bond counsel and the district’s solicitor to proceed with the issuance of general obligation bonds, series of 2021. The proceeds will be used in refunding the district’s four bonds from 2012 and 2015. PFM proposed using a dual track process for refunding which would compare using either a bank loan or a bond issue to determine the best option for the district. ....

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Study: JSASD needs over $50M to update buildings to codes, infrastructure standards | News, Sports, Jobs

pcrossley@sungazette.com
JERSEY SHORE Results of a recent building conditions survey of the six buildings in the Jersey Shore Area School District revealed that the district would need to come up with over $50.5 million to bring those buildings up to today’s codes and infrastructure standards.
“The title of it is a building condition survey and that’s exactly what it is,” said school board member Mary Thomas who chaired the meeting.
“They took a survey of all of our buildings and they put together information for us on things that needed to be worked on. Not necessarily immediately, but things that as we start to improve our buildings and make our buildings last for longevity, these are the things we’re going to need to get into,” she stated. ....

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JSASD looks to enhance cyber school program | News, Sports, Jobs

PAT CROSSLEY pcrossley@sungazette.com
JERSEY SHORE Support for Jersey Shore Area School District’s cyber program, JSOL, is the first of five goals outlined by Dr. Brian Ulmer, superintendent, for using more than $1.8 million from the Elementary and Secondary School Relief (ESSER) funds coming to the district sometime next month.
“We want to make sure that (JSOL) is an attractive option that is efficient and works,” Ulmer reported at the school board meeting Monday night.
“We want to not only serve kids that are in it but we want to attract kids back from cyber schools into our own programs,” he added. ....

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