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Board approves parameters for up to $136.2M in referendum debt, citing tax-impact safeguards
Summary
The board approved two related resolutions allowing the sale of up to $136,175,000 in general obligation promissory notes (including up to $105M in one tranche and $42M taxable in another), with presenters saying the structure minimizes arbitrage risk and aims for a 10-year retirement of the debt.
The Green Bay Area Public School District Board of Education approved parameters for the sale of general obligation promissory notes tied to the second phase of a voter-approved referendum.
A presenter described a financing plan that divides the borrowing between taxable and tax-exempt portions to reduce the district's arbitrage exposure and allow…
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