Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Bonds topic
No spam. Unsubscribe anytime.
District reports $3.25 million general‑obligation bond sale; closing June 26
Summary
RBC Capital Markets told the board the district sold $3,250,000 in general obligation bonds on May 4 with a true interest cost of 2.85% (all‑in 3.3%), closing scheduled for June 26 and expected total payments of about $3,595,000.
RBC Capital Markets reported to the Milwaukee Valley School District board that the district sold $3,250,000 of general obligation bonds through the New Mexico Finance Authority on May 4, 2026.
"The true interest cost came in at 2.85%," Kaylee Wyomerskirch said, noting an all‑in true interest cost of about 3.3% and an estimated total interest cost of about $345,000. She said closing is scheduled for June 26, when funds will be available for voter‑authorized projects.
Wyomerskirch walked the board through the debt service schedule (first payment August 1, 2026), explained the short maturities that keep the issuance non‑callable and described this issuance as part of the district’s bond‑cycling strategy to layer future debt without increasing the tax rate. Board members had no follow‑up questions and thanked RBC staff for the presentation.
No board action was required at the meeting; the report was informational and will be used as staff and the business office proceed to closing and fund availability in late June.
