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Board hears healthy bond outlook, earmarks funds for campus safety systems
Summary
Presenters told the board that bond finances are in a healthy position with possible refinancing savings that would flow back to taxpayers; the district and contractors described available draws, roughly $25 million for the next draw, and about $10 million aimed this year at operational bell, PA and clock systems across campuses.
District bond and measure presenters briefed the board on the status of Measure/bond funds and upcoming draws. Financial presenters said the district’s bond position is healthy and that refinancing older bonds (a 2015 issuance was cited) could reduce interest rates, with any savings returning to taxpayers in the form of lower tax bills. One presenter summarized a possible drop in interest rates (a transcript example changed a 4.6% rate…
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