The State Board of Education reversed an earlier rejection and voted last week to approve the plan by Pulaski County Special School District to issue $81.4 million of 27-year general obligation bonds. The district, which covers all of Pulaski County outside of Little Rock and North Little Rock, will use the proceeds to build new schools in Maumelle and Sherwood.

The board rejected the district’s request for bonds in April because the district’s trustees had not approved a financial plan for paying the $5.5 million annual debt service on the bonds. The board was also concerned that the tentative proposal called for cutting two days from the teacher work-year and eliminating several administrative positions to accommodate the additional debt service.

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