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Kyrene board adopts authorizing resolutions to issue about $43 million in bonds and refunding bonds
Summary
On Feb. 25 the Kyrene Governing Board unanimously adopted resolutions authorizing the sale of approximately $43 million in school improvement bonds and a refunding (refinancing) of existing debt; the refunding is projected to produce roughly $2.2 million in taxpayer savings, the district said.
The Kyrene Governing Board on Feb. 25 adopted authorizing resolutions to issue roughly $43 million in school-improvement bonds and to pursue a refunding (refinancing) of existing district debt. The board voted 5–0 to adopt the resolutions after a presentation from Associate Superintendent and Chief Financial Officer Chris Herman.
Herman told the board the $43 million figure is approximate and that the final sale amount will depend on market…
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