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Board approves bond parameters; finance committee outlines potential $200K+ refinancing savings
Summary
The board approved two bond‑parameter resolutions — up to $43.4 million for refunding and up to $11.5 million for Series A for middle‑school and capital projects — and approved a construction management/capital‑planning retainer after the finance committee discussed refinancing opportunities that could net more than $200,000 in savings.
The Springfield Township School District board on Feb. 17 approved two bond‑parameter resolutions and a construction‑management retainer recommended by the finance and property processes.
During the finance committee presentation, administration recounted a refinancing opportunity for a portion of the district's outstanding 2018 general obligation bonds. Jamie Doyle of PFM Financial Advisors reviewed short‑term investment performance and the…
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