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District sells $40M in Series B bonds; consultant says true interest cost 3.69%, tax rate projected under $0.62
Summary
Flagstaff Unified sold about $40 million of its 2022 voter-authorized bonds and retained $45 million unsold for future sales; financial consultant Bill Davis said strong demand produced a true interest cost of 3.69% and projected the district's tax rate for FY24‑25 to remain under $0.62 per $100 assessed value.
Bill Davis, a financial consultant with Piper Sandler, told the Flagstaff Unified School District Governing Board that the district sold roughly $40 million of the voter‑authorized 2022 bond authorization and has about $45 million remaining to sell in future rounds. "We had what I think is a very successful sale," Davis said, noting the winning bid…
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