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District hears plan to issue sales‑tax bonds to finish $270M capital program; public hearing, sale dates set
Summary
Financial advisers outlined a two‑year bond plan that would use sales tax (alternate revenue) bonds and future debt‑service extension base bonds to fund roughly $184 million of remaining capital needs; board will take procedural steps in February and March.
Anne Noble of Stifel Public Finance presented the district’s plan to fund remaining facilities projects and outlined a two‑step bond program spanning this year and 2026.
Noble said the district has about $270 million of projects yet to complete, approximately $88 million on hand, and a remaining need of about $184 million. The proposal calls for approximately $83.4 million of sales‑tax‑secured alternate revenue bonds this spring (no voter referendum required) and a second issuance in 2026 that…
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