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Ephrata schools defeasing bonds due to inflation

EPHRATA – The Ephrata School District is moving forward with the process to defease a nearly $28 million bond approved by voters in 2019, said Superintendent Tim Payne in a Monday morning interview. “Where we’re at in the process is the board had a hearing,” Payne said. “You have sort of changed the bond away from its intended purpose, (so) you have to go through the same process (as the initial approval) whether you’re defeasing or you’re gonna say, ‘Gosh, we couldn’t build that building now.’”

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