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Board approves notification to seek up to $175 million in WC1 bonds funded by sales tax
Summary
Trustees unanimously approved Resolution 26-002 to notify the Debt Management Commission and begin authorization for up to $175 million in WC1 general obligation bonds (sales-tax-funded program) to support CIP and FMP projects; staff said availability of a 25% revenue cushion guides timing.
The Washoe County School District Board of Trustees voted unanimously to notify the Debt Management Commission and begin authorization steps for up to $175,000,000 in WC1 general obligation bonds, a sales-tax-funded funding stream created by 2016 legislation.
Kyle Rodriguez, the district's director of financial operations, explained that WC1…
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