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Spring Lake Park board hears presale report on bond refunding; preliminary estimates top $800,000 in taxpayer savings
Summary
District financial advisors presented a presale report for 2025 general obligation school building refunding bonds, noting a call date of Feb. 1, 2026, a parameters resolution requiring at least $500,000 in savings and current conservative estimates of more than $800,000 in present-value savings for taxpayers.
Spring Lake Park Public Schools trustees on Sept. 9 reviewed a presale report for 2025 series general obligation school building refunding bonds that advisers said could reduce future property tax levies.
Aaron, the municipal advisor presenting for Ehlers, told the board the refunding process is similar to refinancing a mortgage but constrained by bond call dates. He said the district’s call date is Feb. 1, 2026, and that tax-exempt refundings may be done 90 days prior to or any time after that call…
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