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Board authorizes pursuit of bond refunding preparations to preserve potential taxpayer savings
Summary
Board members approved a set of resolutions authorizing staff to pursue refunding of multiple bond series if market conditions permit. Municipal advisors said the authorizations do not obligate immediate borrowing and are intended to enable timely action if rates become favorable.
The Little Miami Local Board of Education approved several resolutions authorizing the district to pursue refunding opportunities for multiple outstanding bond series and to prepare documentation needed to act if market conditions allow.
Bradley Payne Advisors' municipal advisor, Andy Burrowsart, told the board the district currently has several voted bond issues outstanding and that a window of opportunity exists to reduce future…
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