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District finance briefing: levy forecasts and possible $4.3M bond refunding savings
Summary
A consultant briefed the board on 2026 property‑value growth that will likely lower tax rates, described the district’s levy status, and presented an opportunity to refund a 10‑year portion of existing bonds with an estimated $4.3 million total savings (estimated 5.44% savings) if market conditions and board targets align.
A district finance presentation reviewed recent property‑value increases, levy forecasts and a possible bond‑refunding campaign. The board heard that the 2026 tax base rose substantially, driven in part by substantial new construction, and consultants explained how that appreciation can lower the per‑$1,000 tax rate even as assessed values increase.
Consultant Cy (presenting with colleagues Nick and Tia) explained bond refunding: issuing new bonds to pay off existing debt when the new interest rate is lower, producing taxpayer savings through reduced debt service. Cy said current…
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