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District finance advisor outlines $60M–$100M bond scenarios, urges May/June decision to call November election
Summary
A Stiefel financial adviser told the Humboldt Unified board that the district could seek $60 million to $100 million in bonds without raising taxpayers' current bond rate, outlined estimated tax impacts, and urged the board to finalize a project list by May or June to qualify for a November ballot.
Mike LaValle, a municipal-finance adviser with Stiefel, told the Humboldt Unified School District governing board that the district could pursue a $60 million, $75 million or $100 million bond election and still maintain roughly the current bond tax rate in the near term.
LaValle said the district’s bonding capacity is roughly $240 million and walked the board through two measures of assessed value — a net full cash value and a net limited assessed value — that drive tax-rate calculations. He said a November 2026 bond election could be structured so the first sale occurs in 2027 and new debt payments would begin in fiscal…
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