The Hudson School District Board of Education approved a resolution authorizing district officials to proceed with refunding up to $51,000,000 in general obligation refunding bonds. The measure, passed by voice vote, delegates authority to the board president and board clerk to execute the refinancing within parameters set in the resolution.

District staff emphasized this is a refinancing of existing bonds, not new debt. “This is about refinancing some bonds. It is not about taking out new bonds or anything like that,” Nick said, adding the plan would replace higher‑rate debt with lower‑rate issuances where possible. Staff told the board preliminary calculations by the district’s financial advisor (Baird) estimated interest savings of about $2 million to $3 million over the life of the refinanced obligations.

Officials said the savings reduce the amount the district must collect for interest payments but do not increase general‑fund revenue. The resolution sets a not‑to‑exceed principal amount and delegates execution to specific officers once market conditions meet the document’s parameters. A board member moved the resolution and a second was recorded; the chair declared the motion passed by voice vote.

The board did not record a roll‑call tally in the work session minutes. The district will return to market windows and advisor recommendations when considering specific refunding bonds.