What happens if we owe more debt than we are selling the building for?

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Should voters approve the building sale, any debt balance would continue to be state-aided at the established rate of 98%, until paid off. 

With a debt schedule shortened by an early loan pay-down, 2021-22 would be the last fiscal year when local funds would be applied to any debt on the Bryant building. Every year thereafter, the amount of state aid would exceed any remaining debt payments.  

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