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PFM outlines bond, sinking fund options as district weighs 2026–2027 timelines
Summary
Kari Blanchett of PFM Financial Advisors told the Gull Lake board about the district's bonded debt, compared permitted uses of sinking funds versus bonds, and summarized potential bond options and election timing for 2026–2027.
Deputy Superintendent Lisa Anderson introduced Kari Blanchett of PFM Financial Advisors, who provided a comprehensive briefing on the district's bonded debt and financing options.
Blanchett reviewed existing debt, contrasted allowed uses for sinking funds versus bonds, and presented projected debt millage scenarios and possible bond structures. She also outlined considerations for potential 2026 and 2027 election timelines and necessary lead times for ballot preparation and public engagement.
Trustees thanked the presenter and indicated the information would inform ongoing facilities and capital planning discussions; no bond question was placed on the ballot at the meeting.
