Newberg-Dundee Public Schools Proposed Budget 2026-27
PERS pension bond debt service to rise in 2026-27
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Description
Newberg-Dundee Public Schools anticipates a $232,000 increase in its PERS Pension Obligation Bond payment for 2026-27, reflecting higher debt service obligations related to prior pension bonding. This increased bond cost is a key driver in the district’s projected budget gap.
Contract Details
Contract Amount
$232,000 increased obligation in 2026-27
Vendor
PERS PENSION OBLIGATION BOND
Agency
Newberg School District 29J, OR
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Contract Term
2026-27 fiscal year
Renewal Info
Ongoing debt service on existing PERS pension obligation bonds; payments continue beyond 2026-27 per bond amortization schedule.
More from Newberg School District 29J
Newberg-Dundee Public Schools School Board Regular Meeting Agenda & Packet 2026-05-12
Newberg-Dundee Public Schools School Board Regular Meeting Agenda & Packet 2026-05-12
Newberg-Dundee Public Schools School Board Regular Meeting Agenda & Packet 2026-05-12
Newberg-Dundee Public Schools School Board Regular Meeting Agenda & Packet 2026-05-12
Newberg-Dundee Public Schools Proposed Budget 2026-27
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