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Board ratifies Series 2026A bond sale; district projects about $5.9 million in levy savings
Summary
The board ratified the sale of Series 2026A general obligation bonds, with Bank of America winning the competitive sale at a 3.45% interest rate; financial advisors said the refinancing and lower rates increased anticipated taxpayer levy savings to about $5.9 million.
The South Washington County Schools Board on Feb. 19 ratified the award of its Series 2026A general obligation school building, facilities maintenance and refunding bonds after financial advisers reported competitive sale results and increased taxpayer savings.
Chris Blackburn, the district’s director of business services, introduced the bond issue tied to voter‑approved authority from November 2023 and said proceeds will fund long‑term facility maintenance…
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