Nevada Joint Union High School District completed a refinancing transaction this month of its voter-approved 2002 General Obligation Bonds. As a result, Karen Suenram, the Asst. Supt. of Business says taxpayers are saving nearly $1 million dollars. She says the district took advantage of exceptionally low interest rates and a good credit rating.
“One of the reasons that we were able to get a lower interest rate is that we’ve been very fortunate in our county and at our school district to be financially sound. We do have a good rating. We have one of the best ratings that you can get as a public school district at this time.”
The bonds refinanced were part of the School District’s 2002 Measure A, which received 61.4% voter-approval. Projects funded by Measure A included new construction and modernization at Nevada Union, Sierra Foothill, and Bear River High Schools. Modernizations at Nevada Union High included: upgrades to the B, C, D, E, and F wings; heating and ventilation efficiency upgrades; main theater renovations; gymnasium remodel; and athletic field upgrades. A new performing arts center and aquatic center was constructed at Bear River High School. Construction at Sierra Foothill High School included facility upgrades to meet compliance with the Americans With Disabilities Act (ADA).