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District outlines bond‑issuance steps, budget timeline and new facility search
Summary
Officials briefed the board on plans to price bonds tied to the recent ballot question, uncertainty from the state legislature affecting next year’s budget, and renewed property searches for the Voyager program; no bond sale closed at the meeting.
District finance and facilities staff updated the board on next steps for issuing bonds approved by voters, the district’s budget calendar amid legislative uncertainty, and options to relocate the Voyager program after an equipment failure at its aging facility.
In a finance update, staff said the board will need a parameters resolution to enable underwriters to run pricing documents in real time once markets open. Financial advisers are expected to request a bond‑rating update and then price the bonds; the board was told a ratifying resolution is expected later (staff set an anticipated ratification and closing…
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