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Board decides not to refinance PERS general obligation bond after market review
Summary
Superintendent Aaron Duff told the board the district reviewed refinancing a General Obligation (PERS) bond but determined current market conditions make refinancing infeasible and will not proceed.
The Milton-Freewater Unified SD 7 School Board heard a staff report on the potential refinancing of a General Obligation (PERS) bond and decided not to proceed.
Superintendent Aaron Duff told the board the district examined whether refinancing the PERS bond would be worthwhile but "the market has changed and would now not be feasible to redo the bond," and the district will not pursue refinancing at this time. There was no further board motion recorded to pursue refinancing.
The board did not take further action and will continue to monitor market conditions and debt-service options as part of regular fiscal planning.
