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Board approves $5 million Series 2026 refunding bonds to stabilize levy
Summary
The Centennial School District board authorized up to $5,000,000 in general obligation refunding bonds (Series 2026) to advance-refund portions of previously voter-approved 2020 bonds, aiming to stabilize debt service and the property tax levy.
The Centennial School District board on Feb. 25 approved a resolution authorizing the issuance and sale of up to $5 million in general obligation refunding bonds, Series 2026, to advance-refund portions of the district’s voter-approved 2020 bonds.
Director Sotherton, who presented the board note, said the transaction is intended to "support stable and predictable debt service and tax levy rates during the…
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