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Finance Director asks board to authorize Stifel to prepare sale of remaining Prop S bonds
Summary
The district’s executive director of finance briefed the board on the remaining $25 million of Prop S general obligation bonds and said the board would be asked in March to approve documents for sale; she noted $135 million of the $160 million authorized in 2022 was already issued.
St. Louis Public Schools Executive Director of Finance Stephanie Terry told the board on Jan. 13 that voters approved $160 million in Prop S general obligation bonds in August 2022 and that the district previously issued $135 million of that authorization. Terry recommended the board authorize the district’s financial advisor, Stifel, to go to market to prepare the remaining $25 million authorization for…
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