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Board hears Measure R update: $250 million remains; district eyes final issuance and possible refunding to save taxpayer dollars
Summary
KN&N and district staff told the board that of the $575 million authorized under Measure R (2020) $325 million has been issued and $250 million remains; staff flagged a projected final issuance in fiscal 2027, a negative outlook from rating agencies tied to general-fund reserves, and a 2026 refunding window that could save taxpayers roughly $1.8–3.1 million depending on scope.
The West Contra Costa Unified School District board on April 29 received an annual bond program report from KN&N public finance that outlined the status of voter-approved measures, an upcoming final issuance for Measure R, and potential savings from refunding older bonds.
Blake Beam of KN&N said the 2020 Measure R authorization was $575 million; to date the district has issued $325 million and has about $250 million of authorization remaining. KN&N projected the final Measure R series would likely be sold in fiscal year 2027 and that the district will work to structure…
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