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Saint Paul schools approve $76 million in financings after favorable market bids
Summary
The Saint Paul Public Schools Board unanimously ratified awards for $27 million in certificates of participation and $49 million in general obligation bonds after municipal advisors reported interest rates below planning estimates that will produce multi‑million dollar savings for taxpayers.
The Saint Paul Public Schools Board of Education on Sept. 23 ratified two bond transactions to fund ongoing maintenance and construction under the SPPS Builds plan: $27,000,000 in Certificates of Participation (Series 2025A) and $49,000,000 in General Obligation school building and facilities maintenance bonds (Series 2025B). Both measures passed unanimously by roll call.
Tom Sager, Executive Chief of Financial Services, introduced the financing summaries and said the bond closings are scheduled for Oct. 15, when the district will receive the…
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