School board votes to approve resolution for remaining Measure S funds – Benicia Herald

By Nick Sestanovich

As Benicia Unified School District prepares to wrap up spending Measure S bond funds from the first issuance of bond funding known as Series A, it is ready to collect the second and final set of bond funds— which is not to exceed $29.6 million— for Series B. BUSD’s governing board voted to approve a resolution authorizing the refunding and support of legal documents for Series B bonds.

Measure S was passed by voters in 2014 for a total of $49.6 million in bond funding to be used for construction and renovation projects at BUSD schools. Jon Isom, a managing principal with Walnut Creek-based service planning and financial advisory company Isom Advisors, delivered a presentation on the updated district general obligation bond program.

Source: Benicia Unified School District: School board votes to approve resolution for remaining Measure S funds

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