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Board authorizes up to $50M in 2026 GO refunding bonds, adviser cites $2.7M in taxpayer savings
Summary
Trustees approved a resolution to issue 2026 general‑obligation refunding bonds (series A) not to exceed $50 million after a presentation estimating present‑value savings of about $2.7 million; staff said bond‑issue costs are paid from bond proceeds and the general fund is not exposed.
The Redondo Beach Unified School District board voted Feb. 10 to authorize issuance of up to $50 million in 2026 general‑obligation refunding bonds, after a presentation from district financial adviser John Isom.
Isom said the refunding would act like a mortgage refinance for the district’s outstanding bonds, producing present‑value savings estimated around $2.677 million, roughly a 5% present‑value savings threshold. "We…
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