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Board decides against refinancing PERS bond, cites market conditions
Summary
Superintendent Aaron Duff told the board that refinancing the district's General Obligation (PERS) bond is not feasible under current market conditions; the board did not pursue refinancing at the April 13 meeting.
Superintendent Aaron Duff reported that the district had explored refinancing its General Obligation (PERS) bond but concluded that current market conditions made refinancing impractical.
According to the minutes, Duff told the board "the market has changed and would now not be feasible to redo the bond." No motion to refinance was brought forward; the board took no further action on the matter at the meeting.
The district indicated it will retain the current bond structure for the time being and did not specify follow‑up steps or a future re‑evaluation date in the minutes.
