The City School Board has negotiated $4 million off the price of building the new Guntersville High School. That brings the price down to $53,418,587.
But the Board still has a “funding gap” of about $16 million and they will be asking the City to go back to the bond market for a second bond issue to fund construction of the new school. Both Supt. Jason Barnett and bond counsel David Langham of Frazier-Lanier said the revenue streams are in place to support the additional bond issue.