Board authorizes preparatory work for pension-bond program while members probe risks
The board voted to join a regional group preparing for a pension‑obligation bond, setting a 5.25% TIC cap as a guardrail; trustees asked how much the district might borrow and whether consultants have conflicts of interest.
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The Cascade School District Board approved a permissive resolution to participate in an Oregon Education District pension-bond program that would enable districts to borrow to create an offset account for PERS obligations. Finance director William Wang explained the group analysis by EcoWest and said the recommended cap on the true interest cost (TIC) is 5.25%—a threshold the consultants modeled as the point above which the long‑term scenarios become unfavourable.
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