Union County Board of Education Finance Committee Meeting (April 28, 2026)

The Union County Board of Education Finance Committee met on April 28, 2026, primarily to discuss financing options related to a 2026 bond request. The committee reviewed the recent rejection by the county commissioners to place the bond on the ballot and explored alternative funding mechanisms, including a limited obligation bond (LOB) that does not require voter approval but carries higher interest rates. The discussion included potential cost escalations if the bond were deferred by two years, estimated at an additional $10 to $11 million due to inflation. The committee requested a detailed comparison of the pros and cons of the voter-approved bond, the deferred bond, and the limited obligation bond options to inform future decisions. Additionally, the committee approved sending the 2026-2027 budget to the Board of Education consent agenda, with a focus on clarifying mandated expenses for public transparency. No contract awards or vendor selections were made during this meeting.