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Refinancing drove low school bond rates; two school bond series will be retired by 2028, freeing capital for school projects
Summary
Staff highlighted aggressive refinancing that reduced school bond interest rates to about 1.17% and said the county’s two school GO bond series will be paid off in 2027–28, freeing roughly $1.6 million a year for future school capital.
County staff briefed the Board of Commissioners on outstanding county debt and recent refinancing that reduced interest costs on school debt. Brian and Anita said the county refinanced school general-obligation bonds and other obligations and that the school bond series will step down and be paid off by fiscal years 2027 and 2028.
Staff said the refinanced school…
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