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Meeting Date:
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10/13/2021 - 6:00 PM
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Category:
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Reports/Information
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Type:
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Info
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Subject:
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12.1 Bond Refinancing Update
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LCAP (Local Control Accountability Plan) Goal:
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Goal 1: All students will receive a high quality education in a safe and welcoming environment with equitable and high expectations, access to technology, and instruction in the California State Standards that prepare them for college and career. Goal 2: High quality, culturally proficient, and responsive staff will provide engaging instruction respectful of all students' backgrounds to ensure they are college and career ready. Goal 3: Parents, family, and community will be informed, engaged and empowered as partners with Mt. Diablo Unified to support student learning and achievement.
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Enclosure
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MDUSD 2021 GORB's Presentation
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File Attachment:
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Summary:
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The Governing Board authorized the refinancing of bonds at the August board meeting. This presentation will provide an update to the board and community on the $198 million refinancing of general obligation bonds that will save the taxpayers over $48 million in taxes over the next 16 years. Greg and Jon Isom of Isom Advisors will provide the final details of the refinancing.
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Funding:
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Refinancing at no cost to MDUSD
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Fiscal Impact
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More than $48 million in savings to the taxpayers, no financial impact to MDUSD
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Recommendation:
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N/A
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Approvals:
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Recommended By:
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Signed By:
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Niccole Helton - Administrative Assistant
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Signed By:
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Dr. Lisa Gonzales - Chief Business Officer
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Signed By:
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Dr. Adam Clark - Superintendent
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