Sedgwick County Unified School District No. 259’s capital program, financed by $370 million of general obligation bonds approved by voters in 2008, remains under budget, but officials in the Kansas district said last week that construction quotes are going up.
The program by the Wichita school district is more than $4 million under budget, but high bids have added $4 million to a high school project and another one is costing $3.1 million more than expected.
A renovation project at an elementary school was approved by trustees last week that was 7% above the original budget.
Trustees put 67 bond-financed projects on hold in 2010 due to budget cuts caused by a $4.5 million cut in state capital outlay funds.
The district has issued $320 million of bonds from the $370 million authorization.
The district’s GO bonds have underlying ratings of Aa2 from Moody’s Investors Service and AA from Standard & Poor’s.
District voters approved a $284.5 million general obligation bond package in April 2000.
