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Paradise Valley Unified Board OKs $97 million bond sale authorization, cites AA/AAA credit ratings
Summary
The Paradise Valley Unified School District governing board unanimously authorized issuing and selling $97 million in school improvement bonds under Resolution 583; board members and financial advisers described market conditions, repayment schedule and planned uses.
The Paradise Valley Unified School District governing board on Aug. 7 unanimously approved authorizing the issuance and sale of school improvement bonds totaling approximately $97,000,000 under Resolution 583.
The authorization, moved by Dr. Lim, will be part of a multi‑phase borrowing plan tied to the $340 million voter authorization approved in November 2023. Assistant Superintendent for Business and Finance Jill Berrigan told the board the district expects the new sale to leave about $168 million remaining from the voter authorization…
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