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School board hears presale report on partial refunding of 2016 bonds; sale eyed for Dec. 8
Summary
Speaker 12 presented the presale report, saying the district is considering a tax-exempt partial refunding of a portion of its 2016 school building bonds to lower interest costs for East Grand Forks taxpayers.
Speaker 12 presented the presale report, saying the district is considering a tax-exempt partial refunding of a portion of its 2016 school building bonds to lower interest costs for East Grand Forks taxpayers. "This bond refunding is similar to refinancing a mortgage on your house," Speaker 12 said, explaining that the district would choose specific maturities to refund and that savings would lower the district levy rather than be used for general fund purposes.
Speaker 12 said the refunding would target the 2027 through 2032…
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