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Thompson district financial update: $99M bond sale over‑subscribed; premium raises available funds to roughly $115M
Summary
The district reported budget‑to‑actual refinements and a successful bond sale that produced a blended interest rate near 4.45% and $17 million in premium, increasing available project funds to about $115 million.
Chief Financial Officer Bobby Ebersol briefed the board on Feb. 18 about revenue timing, budget-to-actual presentation improvements and the district’s recent bond transaction.
Ebersol explained that higher property tax collections reduce state aid under Colorado’s funding formula and noted the district will reconcile state aid and tax receipts in coming months. He said the finance team is…
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