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Board opens bond-refunding hearing, approves finance consent package and accepts $255,360 in donations
Summary
The board opened and closed the public hearing on a proposed 2016 bond refunding with no public comment, reviewed a projected $950,000–$957,000 net savings and approved finance consent items including bills of $4,994,604.87 and Freehold Township Education Foundation donations totaling $255,360 for school technology.
Robert Davita, the school business administrator and board secretary, certified the district's fiscal status as of Aug. 31, 2025, and summarized a proposed seven-year bond refunding the district plans to pursue. Davita said the refunding would lower the interest rate on callable bonds, with a projected net present-value savings "about $950,000" (the transcript references roughly $950,000 to $957,000) and…
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