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Board debates last-minute Inflation Reduction Act rebate proposition for bond projects
Summary
Trustees split over a late proposal to ask voters for permission to apply potential federal IRA rebates (chiefly for geothermal work) toward bond projects; supporters said it could preserve scope without raising taxes, while skeptics called the 24-hour turnaround rushed and urged deeper study.
Trustees spent most of the meeting’s budget discussion debating whether to add a late-draft proposition that would let the district apply possible federal rebates available under the Inflation Reduction Act toward capital work authorized by the district’s bond.
Andrew, the district presenter, said new federal guidance opened an opportunity to recover a meaningful portion of certain capital costs if projects meet eligibility criteria. He described geothermal as a leading candidate and said the rebate could be "as much as 40%" in some cases after multipliers and incentives, but emphasized the amount and eligibility are uncertain until an application process concludes. "We can't know for sure whether we'll get money back," he…
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