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Interim superintendent outlines $10 million bond-refunding savings, warns of 'difficult and painful' budget recommendations ahead
Summary
Interim Superintendent August told the board the finance subcommittee recommends a bond refunding expected to save taxpayers about $10 million and previewed fiscal-stabilization recommendations to be discussed Jan. 28 and acted on Feb. 11, while acknowledging likely difficult staffing and service decisions.
Interim Superintendent August told the Santa Rosa City Schools board on Jan. 14 that the finance subcommittee recommended proceeding with a bond refunding (refinancing) of facilities debt that staff estimates will save taxpayers about $10,000,000 over the life of the repayment schedule.
August said the…
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