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Caledonia board delays bond pricing as members urge passage of non‑homestead millage
Summary
District finance staff said the second series of the 2023 voter‑approved bond will be held off the market pending better conditions; trustees emphasized the importance of passing the upcoming May 6 non‑homestead millage, which they said represents about 22% of the district budget (nearly $16 million).
Finance staff told the board the district will delay pricing the second and final series of its 2023 voter‑approved bond because recent market conditions make immediate pricing unfavorable. Miss Doris said Standard & Poor’s bond rating should hold for about two months and that financial advisors PFM will provide daily market updates so the…
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