Case Study
Youngstown City School Refunding Bond Financing Plan Overview
In December 2000, Youngstown City School District and the Ohio School Facilities Commission (OSFC) entered into a Project Agreement for the construction of four new elementary schools, renovations and additions to five existing elementary schools, construction of a new middle school, renovations to three other building to realign those schools as middle schools, construction of a new high school, renovations to an existing high school and renovations to the District’s Career Center. At that time it was estimated to cost $163,455,056. On November 7, 2000 District voters approved a bond levy for $33,198,000 for the District’s share of the project. Thereafter, due to declining enrollment and other factors, the OSFC re-assessed the District Master Facilities Plan, reducing buil