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Board authorizes up to $100 million in WC1-backed school improvement bonds; district cites rating upgrade
Summary
Trustees unanimously adopted a bond resolution authorizing the issuance of up to $100,000,000 in general obligation limited tax school improvement bonds (Series 2025A), backed by WC1 sales-tax revenues; CFO told the board Moody's upgraded the district's debt rating to A2.
The Washoe County School District Board of Trustees unanimously adopted a resolution on Feb. 11 authorizing the issuance of up to $100,000,000 in general obligation limited-tax school improvement bonds, series 2025A, additionally secured by pledged revenues (WC1 sales tax). The vote was 7''to''0 in favor.
Chief Financial Officer Mark Mathers presented the bond resolution and highlighted a recent rating agency development, telling the board, "we just…
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