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Board approves first reading of up-to-$46 million general‑obligation bond resolution and FY‑2026 debt-service budget
Summary
The board approved a first reading by caption of a general obligation bond resolution not to exceed $46 million and the district’s FY‑2026 debt‑service budget; trustees heard that the measure will not raise the millage rate.
Mr. Owens, a district staff presenter, opened the board’s discussion of the annual general‑obligation (G.O.) bond resolution and the FY‑2026 debt‑service budget, saying the first reading was presented by caption and title only and that second and third readings are scheduled for the February and March board meetings.
He described the proposed G.O. bond resolution as a “not to exceed…
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