Live Breaking News & Updates on College President Joe Wyse

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In December 2020, the Shasta-Tehama-Trinity Joint Community College District (“District”) board authorized a 30 million dollar bond issuance from the voter-approved $139 million general obligation bond (Measure H) passed in November 2016. The District took advantage of historically low-interest rates in deciding for this third issuance of Measure H Bonds and received a True Interest Cost of only 1.931%. This decision reduced total estimated borrowing costs and helped make a realized difference of $2 million in lower property taxes over the life of the bonds. The District also refunded some existing bonds from Measure A, passed by voters in March 2002. The college refunded $3.3 million in old bonds, which resulted in additional property taxpayer savings of nearly $300,000. ....

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