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Baird outlines referendum financing plan, timeline and tax projection for John Long Middle School project
Summary
Mike Clark of Baird told the Grafton School Board the district’s referendum borrowing will match current debt terms, include a rating call next week, target a May 20 sale and June 10 funding receipt, and that a conservative 3.99% rate yields a modest tax impact in the presented model.
Mike Clark, a Baird representative, briefed the Grafton School Board on April 22 about the financing plan for the district’s recently approved John Long Middle School referendum project.
Clark said the proposed borrowing is structured to match the district’s existing debt schedule so it will not extend the repayment period. He described a near-term schedule that includes a rating call, presale marketing in…
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