High school district monitors new school bond legislature

By Karen Billing

San Dieguito Union High School District (SDUHSD) Associate Superintendent Eric Dill provided an update to the district board regarding a new state bill that places restrictions on school bonds that could affect their Proposition AA program.

On Jan. 25, California State Assembly member Ben Hueso and San Diego County Treasurer-Tax Collector Dan McAllister presented their school bond reform legislative measure that proposes all school bonds have a limited term of 25 years; requires all bonds with a term of 10 years or more to be callable;
imposes a cap on debt service ratio of 4:1; and involves more oversight
from the county level.

“We’re looking at what a 25-year term will do to the structure, issuance and overall program,” said Dill as SDUHSD’s bond currently fits into 32 years.

Dill said he thinks there’s a very good chance the bill will pass although it has yet to hit the assembly floor. He said they are keeping an eye on its progress and staff will bring back a revised bond issuance at a future meeting.

“We think we will have solid instrument to issue and be able to keep
on track at least in the short term,” Dill said.

Related posts:

  1. High school district monitors new school bond legislature
  2. High school district board approves policy about bond
  3. San Diego County Taxpayers’ Association supports high school district bond, opposes Del Mar school district bond
  4. High school district’s first bond workshop focuses on financing issues
  5. High school district considers bond measure this week

Short URL: http://www.delmartimes.net/?p=46029

Posted by Staff on Feb 28, 2013. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Free Tennis and PickleBall offered at Rancho Santa Fe Tennis Club during Rancho Days
    Rancho Days is now Rancho Tennis Days at the Rancho Santa Fe Tennis Club. During the 10 days of Rancho Days (Oct. 3-12) the RSF Tennis Club is offering all Covenant-area residents free tennis. This includes many free clinics for all levels, free court time (just sign up at the front desk or call 858-756-4459) and free entry to the end of week mixed tennis to […]
  • Rancho Santa Big Band Orchestra to swing at Village Church
    Big band music blows into the Ranch from 6:30-8:30 p.m. Sunday, Nov. 9, at the Village Church, 6225 Paseo Delicias. The Rancho Santa Fe Big Band Swing Orchestra, a 17-piece outfit led by professor and former president of the San Diego Musicians’ Association Jack Wheaton, featuring producer and trumpeter Dominick Addario, vocalist and events coordinator Marie […]
  • Auditions to be held at Village Church in Rancho Santa Fe for ‘Rented Christmas’ musical
    The Village Church Community Theater recently announced auditions for “Rented Christmas, the Musical,” from 6-8 p.m. Monday, Oct. 6 and Tuesday, Oct. 7 at the Village Community Church, 6225 Paseo Delicias in Rancho Santa Fe. […]