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Board requests Yolo County set tax rate for Measure Z Series C issuance
Summary
Trustees voted to ask Yolo County to set a tax rate for a planned final issuance of the 2020 Measure Z $150 million bond; the district said the tax will not exceed $60 per $100,000 of assessed value per year and funds will support modernization and a performing arts center.
Washington Unified trustees adopted Resolution 24-25-46 on May 22, asking Yolo County to establish a tax rate for a planned Series C sale tied to Measure Z, the district's 2020 $150 million general-obligation bond.
Chief Business Officer Monique Soval told the board that the district plans a final issuance next spring to complete the bond series and that the county must set the tax rate so property-tax collections can be processed. "The Measure Z tax costs property owners no more than $60 per $100,000 of assessed value per year," Soval said, noting the figure refers to county assessed value and not market value.
Soval reminded trustees that earlier issuances (Series A and B) have already been sold and that the proceeds are being used on modernization projects that include Westfield and Elorn Village elementary work and a planned performing arts center. The board approved the resolution by roll-call vote; Soval said if proceeds are not sold or not fully needed in 2025, the funds will remain in a holding account until required.
The resolution is a routine step in long-term bond administration; trustees asked a few clarifying questions about assessed-value calculations and the timing of the next issuance.
