Teutopolis Board Approves Bond Sale for Phase II High School Work

Teutopolis school board members Wednesday agreed to the sale of $2.65 million in bonds to help finance Phase II renovation work at Teutopolis High School.

The Board had voted in October to proceed with the Phase II work and awarded bids for the project. 

The District will also use $2 million of funds already on-hand toward the project. Those dollars will be drawn from the Building Fund, Working Cash Fund and Health/Life Safety Funds.

There will be some restructuring of the bonds previously sold to keep the bond tax rate similar to the current levy rate.