Springfield Township SD advisers recommend partial refunding of 2018 bonds, request parameters resolution for Feb. 17 vote
PFM Financial Advisors told the finance committee the district can partially refund a 2018 bond series to lock in market savings (~$206,868 estimated net) and proceed with a new‑money sale to complete middle‑school financing; the board is being asked to adopt two parameters resolutions at its Feb. 17 meeting to permit flexible timing of the sales.
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PFM Financial Advisors presented a two‑step 2026 financing plan to the Springfield Township SD Finance Committee on Jan. 28 that would (1) refund a portion of the district’s outstanding 2018 bonds to capture lower market rates and (2) sell new‑money bonds to complete middle‑school financing.
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