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Hudson board authorizes parameters to refinance up to $51 million in general-obligation bonds
Summary
The Hudson School District board approved a resolution allowing district officers to execute a refunding (refinancing) of up to $51,000,000 in general-obligation bonds under specified parameters; staff said the move aims to lower interest costs and may save taxpayers an estimated $2–3 million in interest.
The Hudson School District board on a voice vote approved a resolution authorizing district officers to execute a refunding of general-obligation bonds not to exceed $51,000,000.
District staff member Nick told the board the measure is aimed at refinancing outstanding bond issues rather than taking on new debt. "We'd be…
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