District news
Board uses cash to pay off part of 2022 school building bonds
What happened
On March 25, 2026 the board approved moving funds into an escrow account to defease (pay off early) certain general obligation school facility improvement bonds dated June 22, 2022. The 2026-27 levy includes $1,756,463 for debt retirement.
Why it matters to families
Paying debt early can lower future taxes, and debt is more than half of the 2026-27 levy.
The evidence
The minutes list the resolution; the August levy resolution gives the debt amount.
The source
March 25, 2026 board minutesSee the full record for Ladysmith School District.
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