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So CNC brought up an issue that we've been considering: buying actual bonds. While we don't yet know exactly how anything is going to be structured, our school board voted on a negotiated bond offering in order to allow residents to participate. This will be a $37M, 20-year bond offering for the construction of two new schools and the substantial remodeling of 4 other buildings. The guestimate is that this construction should meet our needs for the next 20 years based on growth rates over the last 20 years. The construction company is local (with a strong regional portfolio), so a goodly portion of that $37M will stay in our valley. Current best guess is that the rate will be about 3.5%.

I have a decent understanding of how/where our schools spend their money; we have excellent support for our schools from the community; our administrators and trustees are, overall, pretty careful with money. Our schools pay their bills; during the recession they only had to really scrimp once--cutting pay by 4% for everyone in the last year before the state started increasing educational allotments again.

What else do you need to know about buying bonds?


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