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Advisers outline potential $6.5M–$7M savings from refinancing 2015/2016 bonds
Summary
Financial advisers told the Issaquah School District board a refunding window for callable 2015 and 2016 bonds could yield roughly $6.5M–$7M in net present‑value savings if market conditions hold; staff will bring draft resolutions for board consideration on March 26.
Issaquah School District finance staff and external advisers briefed the board on March 11 about an opportunity to refund portions of the district’s 2015 and 2016 bond issues to reduce borrowing costs and lower future property tax collections for taxpayers.
Trevor Carlson of Piper Sandler explained the technical window that allows tax‑exempt refundings for callable bonds and highlighted callable dates of June 1, 2025, and June 1, 2026 for the 2015 and 2016…
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