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Vernon County board votes to start 2025 debt issuance process earlier to seek favorable rates
Summary
Board members voted to instruct staff to begin the bond-issuance process sooner rather than later, citing recent municipal sales and the potential to invest proceeds at prevailing LGIP rates; the board noted the underlying debt amount was already approved in the budget resolution.
The Vernon County Board of Supervisors voted to initiate the 2025 debt issuance process now, with the goal of securing favorable market rates and potentially investing proceeds until projects require the funds. A board member moved to "get the process moving for sooner than later," and another member seconded the motion; members voted by voice and the motion carried.
Board members discussed timing and market…
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