Elmore Autauga News
The Autauga County Board of Education is weighing a potential shift in its long-term financial strategy after district leaders outlined a plan that could use one-time state funds to reduce millions in bond debt, a move officials say could influence future construction priorities and debt obligations across the system.
During Monday’s meeting, Chief School Finance Officer Lesley Wallace presented options for using approximately $5.3 million in Advanced Technology and Facilities (ATF) funds to pay down existing bond debt, including remaining balances from the district’s 2015 and 2018 bond issues. Wallace noted the opportunity is temporary and not guaranteed in future allocations…