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Board authorizes 2026 refunding bonds, weighing immediate versus long‑term savings
Summary
Trustees approved two resolutions to authorize the issuance of 2026 refunding general obligation bonds (Series A and B) after hearing staff present two alternative refunding structures: one delivering immediate but smaller taxpayer savings and another offering larger savings later.
The Lakeside Union School District board authorized two resolutions allowing the district to pursue refunding general obligation bonds in 2026, approving a near‑term path and a back‑loaded option after staff presented the financial analysis and recommended thresholds for entering the market.
Financial staff laid out two options. “The advantage is you get savings immediately,” the presenter said of Alternative A, which offers smaller but immediate taxpayer…
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