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Superintendent says district will sell $15 million in bonds as CFO readies budget; AAA rating noted
Summary
Superintendent Brown told the board the district plans to go to market next week to sell $15 million in bonds, said the bonds were rated AAA, and warned that an increase in the I&S rate may be recommended even as total tax rate is expected to remain the same due to state compression and a $40,000 homestead exemption change.
Superintendent Brown told the board the district plans to sell $15 million in bonds next week after delaying the sale for two years to seek better market conditions.
"Our bonds have been rated AAA," Brown said. He said the district's financial adviser recommended selling now despite volatile markets, and that the pricing is scheduled to be…
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