David Douglas board hears caution on possible PERS bond as district faces up to $1 million hit

David Douglas board hears caution on possible PERS bond as district faces up to $1 million hit

Oregon / School Districts / David Douglas SD 40

District staff described a proposed coordinated analysis of a possible pension obligation bond; board members voiced caution because of past losses and uncertain market benefits. Staff estimated the PERS side-account expiration could add about $1,000,000 to next-year costs and said the district will respond to a statewide survey without committing to issue bonds.

Powered by CitizenPortal.ai