Board accepts notice of intent to issue $200M in general obligation bonds, may seek $120M refunding
November 03, 2025 | CLARK COUNTY SCHOOL DISTRICT, School Districts, Nevada
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The Clark County School District notified the board of a planned bond issuance and trustees accepted the notice of intent Thursday. Justin Dayhoff, chief financial officer, said the $200 million issuance aligns with a plan previously approved in June and that staff tentatively expect to seek an additional $120 million in refunding later to take advantage of potentially improved interest rates.
"This is an alignment with what the board has already approved," Dayhoff said, adding the district hopes to capitalize on favorable market conditions for refunding. Trustee Dominguez asked for clarification about the $200 million versus $320 million figures; Dayhoff explained $200 million is new issuance and $120 million is a possible refunding that together would sum to $320 million if both proceed.
Trustee Esparza Stravagan moved to accept the resolution of intent to issue general obligation building bonds additionally secured by pledged revenues; Trustee Cavazos seconded and the board approved the motion 6–0.
Dayhoff said any final bond issue timing and amount will depend on market conditions and that staff would return with recommendation and details to the board when ready.
"This is an alignment with what the board has already approved," Dayhoff said, adding the district hopes to capitalize on favorable market conditions for refunding. Trustee Dominguez asked for clarification about the $200 million versus $320 million figures; Dayhoff explained $200 million is new issuance and $120 million is a possible refunding that together would sum to $320 million if both proceed.
Trustee Esparza Stravagan moved to accept the resolution of intent to issue general obligation building bonds additionally secured by pledged revenues; Trustee Cavazos seconded and the board approved the motion 6–0.
Dayhoff said any final bond issue timing and amount will depend on market conditions and that staff would return with recommendation and details to the board when ready.
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