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District financial advisor outlines $542 million Measure N bond plan, estimates lower-than-expected max tax rate
Summary
Elk Grove Unified’s financial advisor presented a Measure N financing plan calling for up to $542 million issued over four series, with estimated net proceeds of roughly $533.45 million and an updated estimated maximum tax levy of about $32.90 per $100,000 of assessed value (pre-election estimate $34). Staff scheduled a sale in late March and said proceeds would be deposited with the county in April.
At the board meeting, Dr. Coates introduced Lori Ranieri of Government Financial Services (a joint powers authority) to present the Measure N bond financing plan and the district’s approach to issuing the first series.
Ranieri said the plan contemplates issuing $542,000,000 in bonds across four series to fund projects approved by voters in 2024. She explained…
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