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First interim report approved; adviser says district's bond management has saved taxpayers millions
Summary
Trustees approved the 2025–26 first interim financial report after staff presented updated enrollment forecasts and a modest downward adjustment to near‑term property‑tax growth. Bond adviser Chris Hyatt reported the district's AAA rating and said earlier bond programs came in significantly below initial cost estimates, producing taxpayer savings.
The San Mateo‑Foster City School District board approved its 2025–26 first interim financial report on Dec. 11 after staff outlined revenue assumptions and multiyear projections.
District finance staff said they revised the 2026–27 property tax growth assumption down from 5% to 4% after updated information from the assessor, and presented enrollment forecasts showing a conservative decline of…
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