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Nutley board discusses second reading of bond refunding; district says refinancing will proceed only if it saves at least 3%
Summary
The Nutley Public School District Board of Education reviewed the second reading of a bond refunding resolution and said it will proceed only if refinancing yields at least 3% present‑value savings.
The Nutley Public School District Board of Education reviewed the second reading of a bond refunding resolution that would authorize the district’s financial advisor to seek a reissuer to refinance outstanding bonds, Board President Mister Pena said during the meeting.
The district said it will move forward with the refinancing only if it achieves at least 3% present-value savings. “We…
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