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Washoe County School District moves to seek authorization for up to $500 million in general obligation bonds
Summary
Trustees unanimously approved a resolution to notify the oversight panel and begin the authorization process to issue up to $500 million in general obligation rollover bonds to fund Facilities Master Plan projects; CFO said property tax growth and maturing bonds make the financing feasible.
The Washoe County School District Board of Trustees on Jan. 27 voted unanimously to begin the process to seek authorization to issue up to $500,000,000 in general obligation rollover bonds to finance facilities projects tied to the district's Facilities Master Plan.
Chief Financial Officer Mark Mathers told trustees the resolution (Board Resolution 26-001) asks the district's chief financial officer to notify the oversight panel for school facilities and the Debt Management Commission and…
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