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Tecumseh Board OKs Bond Refunding; District Estimates ~$260,000 Taxpayer Savings
Summary
The board approved restructuring district debt tied to the high school construction, accepting a market bid that lowers future debt millage and is projected to save about $260,000 for taxpayers. Stage 3 closing is scheduled March 11.
The Tecumseh Public Schools Board of Education voted to approve a plan to refund a portion of the district's outstanding debt tied to high school construction, accepting the lowest market bid and reducing the estimated debt millage for residents.
The refunding plan moves the district into the closing phase of the refunding process and, according to district financial staff, is expected to lower the ending debt millage and…
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