Category Archives: Bond Measure

Measure R bond sale, Vanden turf replacement on TUSD agenda – The Vacaville Reporter

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By Richard Bammer

The sale of $21 million in Measure R obligatiion bonds and turf replacement for the Vanden High stadium are on the agenda when Travis Unified leaders meet tonight in Fairfield.

Gabe Moulaison, the school district’s chief business officer, will recommend the governing board approved a resolution to greenlight the sale of the bond money, noting in agenda documents that the sale will not affect the district’s General Fund.

Source: Measure R bond sale, Vanden turf replacement on TUSD agenda – The Vacaville Reporter

Travis Unified to consider selling $21M in bonds | dailyrepublic.com

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The Travis Unified Unified School District board will consider the sale of up to $21 million of Measure R General Obligation Bonds when it meets Tuesday.

It is one of four Business Service items on the agenda.

The others are the facilities priority list, extracurricular fields and turf replacement at the Vanden High School football field.

Source: Travis Unified to consider selling $21M in bonds | News | dailyrepublic.com

Benicia Unified School District, CA GO Bond Ratin | S&P Global Ratings

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S&P Global Ratings affirmed its ‘A+’ long-term rating and underlying rating (SPUR) on Benicia Unified School District (USD), Calif.’s general obligation (GO) bonds, and removed the rating from Under Criteria Observation (UCO). The outlook is stable.

The rating reflects the application of our “Methodology For Rating U.S. Governments,” published Sept. 9, 2024.

Unlimited ad valorem taxes levied on taxable property within the district secure the GO bonds. The county’s board of supervisors has the power and obligation to levy these taxes at the district’s request for the bonds’ repayment. The county is required to deposit such taxes, when collected, into the bonds’ debt service fund.

Source: Benicia Unified School District, CA GO Bond Ratin | S&P Global Ratings

Bond committee appointments go before Travis Unified board | dailyrepublic.com

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The Travis Unified School District trustees on Tuesday will consider appointment of members to the Measure R Bond Oversight Committee members.

“District staff and board members interviewed candidates for the Bond Oversight Committee on Feb. 20,” the agenda states.

The board meets at 5 p.m. at the Travis Education Center, 2775 De Ronde Drive, in Fairfield.

Source: Bond committee appointments go before Travis Unified board | News | dailyrepublic.com

Travis Unified leaders to certify Measure R passage – The Vacaville Reporter

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By Richard Bammer

When they meet tonight, Travis Unified trustees are expected to certify the passage of Measure R, the $65 million school bond measure voters approved on Nov. 5, and establish of a Citizens Oversight Committee to keep an eye on how the taxpayer money is spent.

Under the law, school bond measures require the approval of 55 percent of voters, since those bonds are financed by an increase in property taxes, whereas state bonds are paid through state tax funds.

Measure R passed by nearly 61 percent of 11,865 votes, and the money will be used to upgrade the district’s nine schools, including two elementaries in Vacaville — Foxboro and Cambridge — or pay for new construction.

Source: Travis Unified leaders to certify Measure R passage – The Vacaville Reporter

Travis Unified trustees to review bond project recommendations | dailyrepublic.com

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A presentation on the successful Measure R facilities grant campaign will be given to the Travis Unified School District trustees when they meet on Tuesday.

The bond is for $65 million.

The board will be presented with staff recommendations for the bond’s Citizen Oversight Committee, and is set to review the Facilities Master Plan and initial bond projects, the staff noted on the agenda.

Source: Travis Unified trustees to review bond project recommendations | News | dailyrepublic.com

Travis Unified supports facility bond, Vacaville Unified not so much | dailyrepublic.com

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The facility bond measure in Travis Unified had the early backing of voters, but Vacaville Unified voters were rejecting that bond.

As of the 8:10 p.m. county Registrar of voters posting, with mail-in ballots only, 57.95% (3,046 to 2,210) of the early Travis Unified voters backed the $65 million Measure R bond. Vacaville Unified voters were voting against the $317 million Measure E bond, with 51.01% (9,072 to 8.714) against.

Source: Travis Unified supports facility bond, Vacaville Unified not so much | News | dailyrepublic.com

VUSD leaders to discuss proposed new bond measure at special meeting – The Vacaville Reporter

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By Richard Bammer

Vacaville Unified School District leaders will hear a facilities update and discuss Measure E, a $317 million general obligation bond program on the Nov. 5 ballot, when they meet Saturday morning for a special governing board workshop.

Adam Rich, the district’s senior director of facilities, will lead the workshop.

If approved by 55 percent of district voters, the bond will pay for new buildings and modernize or renovate others across the school district’s 19 campuses. If approved, it would levy costs to property owners of $48 per $100,000 of assessed value annually.

Source: VUSD leaders to discuss proposed new bond measure at special meeting – The Vacaville Reporter

Travis Unified leaders may OK ending special taxes within district – The Vacaville Reporter

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By Richard Bammer

Travis Unified School District governing board members may vote to approve the end of special taxes and facilities districts if a proposed $65 million bond measure passes on Election Day.

A vote on a resolution to do so is on the trustees’ agenda when they meet Tuesday in Fairfield.

Should Measure R pass on Nov. 5, the governing board will direct district staff to prepare an agenda item to permanently stop the collection of special taxes within the district’s two so-called “community facility districts.”

Source: Travis Unified leaders may OK ending special taxes within district – The Vacaville Reporter

Travis Unified will eliminate facilities district if Measure R passes | dailyrepublic.com

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The Travis Unified trustees this week agreed to dissolve the two decades-old community facilities districts if the voters support the $65 million general obligation bond on Nov. 5.

The board on Tuesday adopted a resolution that states “if Measure R is successful, the board shall not issue any further debt supported by the CFDs, stop the collection of special taxes within the CFDs upon the final retirement of all outstanding debt obligations supported by CFD special tax collections, and take action to dissolve both CFDs.”

It further states that “It is the firm objective of this board to replace CFD special tax collections with proceeds of Measure R for facility improvements throughout the district and to cease CFD special tax levies and dissolve the CFDs entirely without the issuance of any additional CFD-supported debt.”

Source: Travis Unified will eliminate facilities district if Measure R passes | News | dailyrepublic.com

Travis Unified will eliminate facilities district if Measure R passes | dailyrepublic.com

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The Travis Unified trustees this week agreed to dissolve the two decades-old community facilities districts if the voters support the $65 million general obligation bond on Nov. 5.

The board on Tuesday adopted a resolution that states “if Measure R is successful, the board shall not issue any further debt supported by the CFDs, stop the collection of special taxes within the CFDs upon the final retirement of all outstanding debt obligations supported by CFD special tax collections, and take action to dissolve both CFDs.”It further states that ”

It is the firm objective of this board to replace CFD special tax collections with proceeds of Measure R for facility improvements throughout the district and to cease CFD special tax levies and dissolve the CFDs entirely without the issuance of any additional CFD-supported debt.”

Source: Travis Unified will eliminate facilities district if Measure R passes | News | dailyrepublic.com

Voters in Travis Unified district to vote on facilities bond | dailyrepublic.com

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Travis Unified School District trustees this week voted to place a $65 million facilities improvement bond on the Nov. 5 ballot.

The bond would set a rate of 6 cents on every $100 of assessed value, generating an average of $4.7 million per year for facility needs. It would take 55% of the voters to approve the measure. The last initiative garnered 50% support.

“The board believes that a high quality education is the fundamental right of every student, and seeks to provide a 21st century education in a safe and engaging learning environment for all students,” the proposed resolution states.

Source: Voters in Travis Unified district to vote on facilities bond | News | dailyrepublic.com

Travis Unified trustees hold off on bond vote | dailyrepublic.com

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By Todd R. Hansen

The Travis Unified school board on Monday tabled a decision on whether to place a $65 million general obligation bond on the November ballot.

Two board members – President Matthew Bidou and Vice President Will Wade – indicated their support for putting the measure on the ballot, and support for the measure itself, but Trustee Ivery Hood said, “I will not be supporting the bond.”

“I guess my primary reason is that I feel like we’ve gone out twice to the community and what I’ve learned over the years is that there’s a (percentage) of the community that already supports the schools, and are paying the Mello-Roos, and I think it throws things out of balance,” Hood said.

Source: Travis Unified trustees hold off on bond vote | News | dailyrepublic.com

Budget, obligation bond, LCAP land before Travis Unified board | dailyrepublic.com

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Trustees for the Travis Unified School District on Tuesday will receive a presentation and conduct a public hearing on the proposed 2024-25 budget.

A final decision on placing a $65 million general bond on the Nov. 5 ballot is also on the agenda.

The district, if approved, would set a rate of 6 cents on every $100 of assessed value, generating an average of $4.7 million a year for facility needs.

Source: Budget, obligation bond, LCAP land before Travis Unified board | News | dailyrepublic.com

TUSD leaders to consider new supe contract, bond measure proposal – The Vacaville Reporter

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By Richard Bammer

A new superintendent’s contract and a proposed bond measure for the fall 2024 ballot are on the agenda when the Travis Unified governing board meets Tuesday in Fairfield.

Trustees are expected to approve a four-year contract with Tiffany Benson, currently the assistant superintendent for educational services.

The contract calls for annual base pay of $243,000 for 221 days of work, $3,000 compensation for earning a master’s degree, and a 2 percent annual pay raise.

Source: TUSD leaders to consider new supe contract, bond measure proposal – The Vacaville Reporter

BUSD Superintendent thanks voters as Measure C nears official passage – The Vacaville Reporter

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By Lynzie Lowe

While Measure C has not yet officially been passed by voters, Benicia Unified School District Superintendent Dr. Damon Wright said the 62.34 percent of tallied votes in favor of the Measure thus far “means everything to our district.”

“I want to thank the residents of Benicia for supporting our schools and investing in our children,” said Wright. “Passing Measure C provides $122.5 million for facility improvements, which will enable the district to address necessary safety repairs and complete much-needed modernization projects.”

As of Friday evening, a total of nine precincts had reported 6,004 in favor of the measure and 2,678 votes against, which has it narrowly cruising to victory with the necessary 55 percent or more of the total votes needed to pass.

Source: Benicia USD Superintendent thanks voters as Measure C nears official passage – The Vacaville Reporter

Early election results indicate unofficial passage of Benicia Measures – Times Herald Online

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The polls have officially closed in Solano County and election results are slowly coming in. Here are the most recent, and unofficial, results on the measures facing Solano County voters in Tuesday’s California Primary.

Measure A

With eight precincts reporting and 4,152 votes cast as of 10 p.m., the City of Benicia’s proposed hotel tax – known as Transient Occupancy Tax – was rolling to victory with 80.39 percent of the votes.

The tax would raise the transient occupancy tax on hotels and vacation rentals from 9 to 13 percent. This increase is projected to boost annual city revenues by around $250,000, with oversight from a citizens committee.

Source: Early election results indicate unofficial passage of Benicia Measures – Times Herald Online

BUSD Superintendent Wright outlines Measure C during fireside chat – The Vacaville Reporter

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By Lynzie Lowe

Benicia Unified School District Superintendent of Schools Dr. Damon Wright said during a fireside chat held in Vallejo Saturday that passage of Measure C would increase the sense of pride, ownership and belonging for all Benicia Unified School District students.

“It is important when students arrive at school, that they feel comfortable at school, that they arrive at a school they are proud of, that it has some curb appeal,” said Wright. “This is my school. This is an institution of learning and I feel like I’m going to go in there and learn.”

The chat, facilitated by Voters Voice of Solano County representative Tara Beasley-Stansberry, was one in a series of chats highlighting Solano County candidates and measures on the March 5 ballot. This chat focused on a measure affecting the district — one of three measures on the upcoming ballot.

Source: Benicia USD Superintendent Wright outlines Measure C during fireside chat – The Vacaville Reporter

Fairfield-Suisun’s AAA bonds rating demonstrates financial stability – Daily Republic

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Fairfield-Suisun Unified School District announced Fitch Ratings has affirmed the district’s general obligation bonds at the highest rating of AAA, with a stable outlook.

The credit rating assigned serves as a measure of the safety and security of the school district’s bonds for potential investors. Similar to personal credit scores, the GO Bond credit rating system provides a range of ratings that help investors gauge the level of risk associated with an investment.

The AAA rating is the highest attainable rating and signifies an exceptional level of creditworthiness.

Source: Fairfield-Suisun’s AAA bonds rating demonstrates fInancial stability

Fairfield-Suisun trustees prep to tackle plans for new Measure S money – Daily Republic

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By Susan Hiland

A subcommittee of the Fairfield-Suisun School District’s governing board will begin work soon to develop plans for how best to spend nearly $250 million in facilities property tax funding approved by voters in November.

“We are just in the beginning stages of discussing Measure S,” Superintendent Kris Corey wrote in an email to the Daily Republic.

The first Facilities Subcommittee meeting of the year will begin at 4:30 p.m. Feb. 7.

Source: Fairfield-Suisun trustees prep to tackle plans for new Measure S money