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Board hears Measure ME timing and potential refinancing savings tied to first bond sale
Summary
District staff reported Measure ME (voter-approved $105 million) is set for a first bond sale after State Board review; the district expects to access roughly $35 million and potentially refinance about $25 million of prior debt, estimating about $2.2 million in present-value taxpayer savings if market trends hold.
District staff updated the board on capital financing plans tied to Measure ME, the voter-approved facilities bond.
Mister Herrera told the board that the district approved a bond waiver locally in September and expects the State Board of Education to consider it at their January meeting. Measure ME—passed…
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