Pike County Board of Education FY 2026 Proposed Budget
Ongoing Debt Service for 2021-A Tax Warrants
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Description
The district continues servicing its 2021-A Special School Tax Warrants, a $4.515 million issuance, with $15,000 in principal and $114,413 in interest budgeted for FY 2026. The balance at the end of FY25 is projected at $4.45 million with final payoff expected in 2051.
Contract Details
Contract Amount
$4,515,000 original debt; FY 2026 principal payment $15,000; FY 2026 interest payment $114,413
Vendor
2021-A SPECIAL SCHOOL TAX WARRANTS
Agency
Pike County School District, AL
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
2021 issuance; scheduled liquidation in 2051
Renewal Date
2051-09-30
Renewal Info
Long-term special school tax warrants with amortization through 2051; no renewal or extension provisions detailed.
More from Pike County School District
Pike County Board of Education Agenda 2026-05-19
Pike County Board of Education Board Agenda 2026-05-11
Pike County Board of Education Board Agenda 2026-05-11
Pike County Board of Education Minutes 2026-05-11
Pike County Board of Education Minutes 2026-05-11
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