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Board cites strong credit ratings and $3.1 million taxpayer savings; meeting moved to closed session
Summary
Board members highlighted favorable S&P and Moody's ratings and told the public the district saved roughly $3.1 million for taxpayers; the board then convened in closed session for litigation, personnel, labor and property negotiations and adjourned at 9:11 PM.
Board President Denis DeFigueiredo and Superintendent Dr. Catherine Kawaguchi reported that recent credit ratings from S&P and Moody's reflect the district's financial standing and that the district realized approximately $3.1 million in savings for taxpayers as a result of recent financing. The board congratulated staff for the work contributing to those outcomes.
At 7:22 PM the board adjourned to closed session for several matters: potential litigation (Conference with Legal Counsel regarding existing litigation, Case No. 616238 under Gov. Code §54956.9), public employee discipline/dismissal/release (Gov. Code §54957), labor negotiations (Gov. Code §54957.6) and property negotiations (Gov. Code §54957.8). The public meeting was later adjourned at 9:11 PM.
