The William S. Hart Union High School District has restructured the financing of its Measure SA general obligation fund, saving Santa Clarita Valley taxpayers $3.69 million.
Similar to refinancing a home mortgage, the District locked in lower interest rates in order to lower its borrowing costs. However, with a bond refunding, the District cannot extend the repayment period of the debt. Property tax savings will benefit the community in 2017 through 2025 as a result of the refinancing.
“The District is grateful for the support of local taxpayers and recognizes the importance of being fiscally responsible with taxpayer dollars,” said Erin Lillibridge, Chief Financial Officer for the Hart School District. “Taking advantage of opportunities to reduce taxes for our community, while striving to provide the best education and school facilities possible for our students, is a priority for the Governing Board and Administration of the District.”
The District issued the original general obligation bonds in 2009 under Measure SA, which was approved by voters in 2008. A portion of the outstanding bonds were eligible to be refunded, so the District strategically timed the issuance to take advantage of favorable interest rates and reduce existing tax rates within the community over the next nine years.
The refinancing and subsequent savings would not have been possible without the assistance of financial advisor Cooperative Strategies (formerly Dolinka Group), Stifel Nicolaus, as underwriter, and Bowie, Arneson, Wiles, and Gianonne, as legal counsel.
The State Board of Education (SBE) on Wednesday, July 8, adopted new K–12 guidance for educators to provide high-quality instruction in the arts disciplines of dance, media arts, music, theatre, and visual arts and for educators to provide high-quality world languages instruction and make classrooms more inclusive.
The Los Angeles County Department of Public Health continues ramping up contact tracing efforts as cases of COVID-19 increase. Public Health confirmed Friday 51 new deaths and 2,667 new cases of COVID-19. To date, Public Health has identified 127,358 positive cases of COVID-19 across all areas of L.A. County, and a total of 3,738 deaths.
The Los Angeles County Department of Public Social Services' (DPSS) Toy Loan Program, which serves approximately 3,500 children a month at more than 50 locations, is hosting a School Supply Drive to benefit low-income children across the County.
Following additional testing and independent investigation, the Los Angeles County Department of Medical Examiner-Coroner determined the cause of death for Robert Fuller was hanging and the death was ruled a suicide.
Space is still available for L.A. County Parks' free and reduced cost summer camps. Registration is open for summer camps for ages 6 and up. Choose from mini-camps and full-day options at 50 county parks.
With temperatures in parts of Los Angeles County expected to rise into the triple digits this weekend, several public facilities located throughout the county, including one in Stevenson Ranch, will serve as Emergency Cooling Centers on Saturday and Sunday.
SACRAMENTO – The California Community College Athletic Association (CCCAA) Board of Directors overwhelmingly approved implementation of its Contingency Plan on Thursday, providing a return to intercollegiate athletics for the 2020-21 academic year that shifts all sports, including football, to the spring season.
The National Weather Service has issued a Heat Advisory for the Santa Clarita Valley that will remain in effect from 11 a.m. Saturday, July 12 to 8 p.m. Sunday, July 13. Temperatures are forecasted to hit 100 degrees both days.
For the 26th year in a row, the city of Santa Clarita has received an Investment Policy Certificate of Excellence Award from the Association of Public Treasurers of the United States and Canada for its Investment Policy.