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Onalaska board approves competitive sale for final $25 million of referendum bonds

Onalaska School District Board of Education · December 10, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved a financing plan to competitively sell the remaining $25 million authorized by the 2022 referendum, with municipal advisor PMA recommending a competitive sale to minimize interest costs and a timeline for a pricing resolution Jan. 27 and funds availability Feb. 18.

The Onalaska School District Board of Education voted Dec. 9 to approve a financing plan to issue the final $25 million authorized under the district’s November 2022 referendum. The district’s municipal advisor, Michelle Wyber of PMA, recommended a competitive sale to increase transparency and reduce long-term interest cost.

Wyber told trustees that competitive sale means putting the…

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