STPPS Board Meeting – 8/13/26

The St. Tenny Parish Public Schools (STPPS) Board held a meeting on August 13, 2026, which included several procurement and budget-related discussions. A key agenda item was the approval of a resolution to accept the winning bid for the 2026 General Obligation School Bond Series, with Oenheimer selected as the underwriter at a favorable interest rate of 3.86%, down from 4.01% the previous year. The bond issuance attracted strong interest with eight bidders, and the premium received was $1.34 million above the par amount, providing additional funds for construction projects. The board also discussed ongoing and upcoming capital improvement projects funded by the bond, including electrical system upgrades, parking lot paving, termite damage repairs, re-roofing, and asphalt overlay at various schools. Additionally, the board approved retirement resolutions for certificated and support personnel and accepted revisions to several school board policies related to alcohol and drug testing. Public comments highlighted concerns about a projected $24 million budget deficit and the need to maintain strong educational programs despite financial challenges. The meeting concluded with scheduling the next meeting and adjournment.