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Board certifies referendum results and authorizes initial debt issuance to fund projects
Summary
The board received the official canvass showing the referendum passed (Yes 42,130; No 21,696) and approved resolutions authorizing parameters for up to $14 million in tax-exempt promissory notes and up to $33 million in taxable promissory notes as initial financing tied to the 2024 referendum. Advisors discussed arbitrage rules and timing to lock rates before year-end.
The Green Bay Area Public School District Board of Education on Nov. 25 accepted the canvass of Nov. 5 referendum votes and voted to authorize initial financing to begin paying for projects approved by voters.
A canvasser’s statement read by a board member certified the referendum totals: Yes — 42,130; No — 21,696. "We certify that the attached tabular statement of votes cast ... are correct and true," the canvass statement said.
In action later at the meeting, the board approved a…
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