School referendum debt service may become numbers game
The Cloquet School District faces a series of challenges in passing a referendum to replace the 94-year-old Cloquet Middle School — but paying debt service on a large obligation will probably not be one of them.
According to the Carlton County Auditor’s Office, the district currently has five outstanding bond series totaling $27.2 million with outstanding principal balances of $22.8 million through Dec. 31, 2013.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.