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Committee backs forwarding authorization for $160 million San Francisco Unified School District bond sale
Summary
The committee recommended the Board of Supervisors approve the SFUSD’s request to issue up to $160 million in general obligation bonds and an associated refunding; staff said the bonds are repaid by property taxes, will cost about $226 million over 20 years and include projects such as kitchen upgrades.
The Budget and Finance Committee on March 19 voted to forward a resolution authorizing the issuance and sale of up to $160 million in general obligation bonds for the San Francisco Unified School District and related paying-agent agreements and documents.
Dave Olson, municipal advisor to the San Francisco Unified School District, said the district has held bond elections since 2004 and issues bonds in series to fund capital projects. Olson told the committee the district expects ongoing capital spending of roughly $100…
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