School Board construction changes result in million-dollar hit

By JIM BUTLER

For Elizabeth Domite holding on to School Board dollars must be like trying to cup water in your palms.

The system CFO watched another million or so slip away this month through construction change orders.

As she noted for the Finance Committee, all of the changes are for issues unknown and undetected prior to project starts.

And each appropriation is from total funding set aside for the schools involved in the District 62 bond issue allocations.

Still, it’s a million bucks gone.

Peabody Magnet ($334,000), Acadian ($447,009) and Martin Park ($317,000) are the project sites.

District 62 is entering the third and final phase of improvements financing through a $100 million bond issue as well as deciding how and when to apportion a considerable premium earned.