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District authorizes refinancing plan to capture roughly $662,000 in net savings
Tea Area School District 41-5 Board of Education · November 11, 2025
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Summary
The board authorized staff to proceed with refunding options combining capital outlay certificates and certain bonds; staff said the two proposals together would net about $662,248 in savings after fees and would allow levy reductions.
The Tea Area School District board authorized staff to proceed with refinancing—or refunding—several existing capital outlay certificates and general obligation bonds after the district’s fiscal adviser presented two options estimated to reduce future debt service.
The first propo…
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