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Holmen to pay off part of 2025 facility bonds early, saving about $2.8 million

Financial
Excerpt from Board Minutes for Holmen to pay off part of 2025 facility bonds…
Official source excerpt: Board Minutes; editorial caption by Our School Board · source-evidence

What happened

On May 26 and June 8 the board heard and approved a plan to set aside funds to defease part of the 2025 school facility bonds. Estimated savings are $2,782,378 at a cost of about $17,000.

Why it matters to families

Lower bond interest gives future property-tax relief for the general fund.

The evidence

May 26 minutes describe the recommendation and estimated savings; June 8 minutes list the authorizing resolution on the consent agenda.

The source

May 26, 2026 board minutes

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