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.
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