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Advisor outlines refinancing options and possible 2026 bond scenarios
Summary
Municipal advisor presented opportunities to refinance callable debt (estimated ~6.5% savings) and sketched possible 2026 general-obligation scenarios ($30'40'50 rates producing $60M—122M). Board discussed timeline options and state matching money tied to local funding.
Adam Bowers, the district's municipal advisor, presented a financial update that included prospects for refunding callable bonds and options for a possible 2026 general-obligation (GO) bond measure.
Bowers showed the district's assessed-value trends and a callable-debt pool that could be refinanced to lower taxpayer rates; he estimated potential savings of about 6.51% on $35.3 million of callable debt. He said a refinancing that targets the most…
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