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Board approves refunding bonds, general obligation bonds and short‑term notes
Summary
SFUSD’s Board unanimously approved three financings Aug. 11: refunding bonds up to $110 million (projected savings ~ $6 million), general obligation bonds (Prop A, up to $226 million), and tax and revenue anticipation notes up to $60 million to manage cash flow.
At its Aug. 11 meeting the San Francisco Unified School District Board of Education approved a package of financing measures the district presented as part of its capital and cash‑flow planning.
- Refunding bonds: Staff proposed and the board adopted a resolution authorizing issuance of 2015 general obligation refunding bonds in an aggregate principal amount not to exceed $110,000,000 to refinance certain outstanding district general obligation bonds. Financial staff said the refunding is expected to save taxpayers roughly…
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