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Committee endorses up to $220 million in GO refunding bonds to cut debt costs
San Francisco Board of Supervisors Budget & Finance Committee · March 17, 2021
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Summary
The committee recommended the Board approve up to $220 million in general obligation refunding bonds; the controller’s office estimated approximately $25.2 million in cash‑flow savings over 12 years and net present value savings of about $23 million (roughly 11% of refunded principal).
The Budget & Finance Committee on March 17 recommended that the Board approve a plan to issue up to $220 million in general obligation refunding bonds in two series to refinance outstanding GO bond issues. Luke Brewer of…
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