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District reports strong results on $136 million Measure N bond sale
Elk Grove Unified School District Board of Education · April 21, 2026
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Summary
Elk Grove Unified presented results of a $136 million Measure N bond sale, reporting an AA2 Moody’s rating, a competitive sale on March 24, and a winning bid by Morgan Stanley with a true interest cost of 4.665%, improving projected levy metrics for taxpayers.
District finance staff and outside advisors briefed the board on the March 24 sale of $136 million in Measure N general obligation bonds. Lori Ranieri of Government Financial Services summarized the competitive sale: the district received six bids, Morgan Stanley was the…
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