Schools
Hillsborough Leases 3 School Buses
The board approved the lease at a cost that will not be more than about $264,000 at its Jan. 6 meeting.
HILLSBOROUGH, NJ — The Hillsborough Board of Education will be leasing three 54-passenger school buses.
The board approved the lease at a cost that will not be more than about $264,000 at its Jan. 6 meeting. The purchase will be financed through a tax exempt, lease purchase financing, according to the resolution.
The lease will not go beyond five years.
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The board looked for financing bids through the Hunterdon County Educational Services and on Dec. 5, 2019, received a bid from U.S. Bancorp Government Leasing and Finance, Inc. It "was the most advantageous bid to the Board," according to the resolution.
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