Shasta College Issues $30M In Measure H Bonds, Saves Taxpayers $2M In Borrowing Costs – anewscafe.com
Posted on 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 ...
Source: anewscafe.com