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PYLUSD board approves bond and COP refunding aimed at taxpayer and district savings
Summary
Trustees approved bundled items to refinance certain general obligation refunding bonds and certificates of participation; staff and municipal advisor said the planned transactions would lower interest costs and save taxpayers approximately $1.1 million on GOs and about $2 million on COPs under current projections.
The Placentia‑Yorba Linda Unified School District board voted Nov. 18 to approve a package of refunding measures for general obligation bonds and certificates of participation after staff and the district’s municipal advisor presented scenarios to reduce interest costs.
Municipal advisor Jason Chung (Fieldman Rolapp) explained which series are callable and which are not, noting historic capital…
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