As of June 30, 2022, the District had $462 million of outstanding bonds. In the last two fiscal years, ASD has paid off $110.19 million of debt. During that time, the District has not received any new voter authorization to additional debt to fund capital improvements.
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Over the past five years, the District refunded $214.9 million in existing debt at an improved rate, reducing the overall debt service by nearly $24.9 million. This includes $30.85 million that was refunded in December 2021, which resulted in an additional $4.9 million in savings.
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In the next five years, the District anticipates paying off approximately $197.81 million in principal, averaging about $39.56 million each year.