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Board approves refunding bond issuance (up to $85M) to refinance Measure I bonds

Financial

What happened

The Board approved Resolution No. 2025-2026.59 authorizing issuance of refunding bonds to refinance outstanding 2015 Measure I bonds, intended to generate taxpayer savings if market conditions are favorable.

Why it matters to families

This finalizes a significant debt refinancing action affecting the District's bond obligations and potential taxpayer savings.

The evidence

Minutes: 'Motion to approve Resolution No. 2025-2026.59 – Authorizing the Issuance and Sale of Refunding Bonds... MOTION APPROVED.'

The source

Approved board meeting minutes

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