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Hillsboro School District hears options for $312M–$380M general obligation bond, consultant says state match unlikely
Summary
District finance consultant Lauren McMillan told the Hillsboro School District board the district could raise roughly $312M at a lower levy benchmark or about $380M at a higher benchmark; she noted an estimated $6M state matching (AWESOME) allocation is possible but unlikely to be prioritized.
At a regular meeting, the Hillsboro School District Board of Directors heard a detailed briefing from Piper Sandler managing director Lauren McMillan on options for a potential general obligation (GO) bond to be offered to voters in 2027 (November) or 2026 (May).
McMillan explained GO bonds are repaid by an unlimited property‑tax levy dedicated to debt service and described how the county assessor sets the annual levy rate based on assessed value (AV). She warned that the district cannot set an annual levy rate in advance and can only submit the dollar amount it needs to the assessor.
The consultant stressed…
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