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Board ratifies $61.9 million bond series; students attended bond sale event
Summary
Trustees ratified the Series 2 closing for the voter‑approved school bond program (part of a 2023 $134 million authorization). Officials reported a successful June 2 sale raising roughly $61.9 million and highlighted student participation and local investor interest.
The board ratified a procedural resolution to close the second series of voter‑approved school bonds, allowing the district to access approximately $61.9 million in capital funds authorized by voters in 2023.
Treasurer McIntyre described the bond sale and thanked financial and construction partners who participated in a June 2 event at the high school forum. District officials said underwriters and advisors (including Stifel and Raymond James, PFM, and construction partners) participated and that the sale drew institutional and local investor interest. Administrators highlighted the educational value of inviting students to observe the bond sale and the Bloomberg terminal demonstration, saying the event gave students a real‑world view of public finance.
The board completed a roll‑call vote to ratify the resolution needed to close on the Series 2 bonds and access cash for capital projects. The motion recorded a yes vote from board members present and noted Vice President Stewart was absent.
What happens next: proceeds will be used to continue project work authorized by the 2023 bond measure, and the district will close the Series 2 transaction on the scheduled closing date.
