YubaNet.com
Tuesday, September 16 2014

            We Deliver News to the Sierra
News Fire News spacer Latest News spacer Regional News spacer California News spacer USA News spacer World News spacer Op-Ed spacer Enviro News spacer Sci Tech News spacer Life spacer Odd News spacer Cartoons spacer
Features The Calendar features features Weather features Sierra NightSky features features features Road Conditions features Home spacer
Regional
 

Sierra College to Save Taxpayers Approximately $5 Million on Bond Refinance


    Google+    

By: Sierra College

ROCKLIN, Feb. 25, 2013 - Taking advantage of historically low interest rates and its excellent credit worthiness, Sierra College saved taxpayers roughly $5 million by successfully refinancing its facility bond debt for its Nevada County and Tahoe Truckee campuses. The nearly $5 million in savings generated by this action will go directly to the taxpayers in those areas in the form of reduced property taxes over the next 17 years.

"Sierra College has a commitment to fiscal responsibility that has served us well during the recent tough economic times," stated Superintendent/President Willy Duncan, "This commitment extends beyond the college's own finances to our relationship with the taxpayers in our district. We are pleased to provide this savings to those who have supported us."

The Sierra College Board of Trustees enthusiastically endorsed the debt refinancing at its January 2013 meeting. Board President Howard Rudd commented, "We believe in being good stewards of public resources and respecting the trust that our communities placed in us when they passed Measures G and H."

This refinancing is part of the ongoing maintenance of existing debt which has resulted in significant savings over the last few years. The Bonds were sold Wednesday through a public offering, the interest rates are fixed, and the taxpayer savings are guaranteed.

 

Help us bring you more news. Be a real reader: Support YubaNet

By submitting a comment you consent to our rules. You must use your real first and last name, not a nickname or alias. A comment here is just like a letter to the editor or a post on Facebook. Thank you.

 

Latest Headlines

Regional

Happening Now - September 2014

Cooler, with a chance of showers on Thursday

Feather River Air Quality Management District Advisory to residents of Yuba and Sutter Counties for smoke

Community Thank You from the Save Our Bridge Campaign Committee

Illegal, abandoned campfire near Grouse Ridge

Hike Tuolumne Meadows - without breaking a sweat

Air quality health advisory for smoke and ozone for Nevada, Plumas and Sierra Counties

Jeffrey Ellins Wins $5000 in 49er Rotary Duck Race

One more hot day - then some relief and even sprinkles of rain possible

Soaring Mylar balloons carry high risk


More

 

 

 

 

NEWS . Fire News . Latest . Regional . California . USA . World . Op-Ed . Enviro . Sci/Tech . Life . Odd News . Cartoons
FEATURES . The Calendar .Weather . Sierra NightSky . Horoscope . Road Conditions
YubaNet.com . Advertising. About Us . Support YubaNet . Contact Us . Terms of Use . Privacy

YubaNet.com © 1999-2014
Nevada City, California (530) 478-9600