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District financial adviser outlines refunding plan that could save taxpayers about $462,000
Summary
Financial adviser John Isom told the Palos Verdes Peninsula Unified board that refunding portions of 2014 and 2016 general obligation bonds could yield roughly $462,000 in collective taxpayer savings if market conditions hold; staff would return with a resolution and parameters for any sale.
John Isom, the district's financial adviser from Isom Advisors, told the Palos Verdes Peninsula Unified School District board that the district can potentially refund portions of its 2014 and 2016 general obligation refunding bonds to lower overall outstanding debt and generate taxpayer savings. "There's about $462,000 in taxpayer savings, kinda depending on our structure," Isom said, noting a net present value estimate of about 4.5 percent under current market conditions.
Isom explained three refunding approaches: level savings (steady reductions each year), deferred savings…
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