From the Baltimore Sun:
Baltimore City’s schools chief told state legislators Tuesday that he hopes to borrow $1.2 billion— six times more than the school system’s current bonding authority — to pay for a massive and rapid overhaul of the city’s crumbling public school buildings.
“What is unique is the extent of the need in Baltimore City,” said Andrés Alonso, the school system’s CEO, ticking off a list of problems from faulty heating systems to broken windows. “This will allow us to really target, in a short period of time, huge systemic needs.”
Alonso told members of the Senate‘s Budget and Taxation committee that such a plan could save the city time and money by combining the needed repairs into a single construction initiative and that work would begin as soon as funding becomes available