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Financial advisor briefs board on El Segundo Unified general obligation bonds and tax implications
Summary
Piper Sandler representative reviewed the district's outstanding general obligation bonds, assessed valuation trends, tax rates and past refinancing savings; board members asked clarifying questions about tax-rate calculations and timing.
The board received an overview of El Segundo Unified's general obligation (G.O.) bonds during a Feb. 11 presentation by Jin Kim of Piper Sandler, who described how bond taxes are levied, what bond proceeds may fund and the district's current bond ratings.
Kim explained that G.O. bond tax levies are based on assessed value rather than market value, and that bond proceeds can be used for capital projects such as modernization, new classrooms and administrative upgrades but cannot be used to pay for…
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