{"id":9592,"date":"2020-03-07T17:27:27","date_gmt":"2020-03-08T01:27:27","guid":{"rendered":"http:\/\/www.newsmolo.com\/EDC\/2019\/?p=9592"},"modified":"2025-12-31T17:28:19","modified_gmt":"2026-01-01T01:28:19","slug":"refi-of-gold-oak-union-school-district-bond-saves-taxpayers-over-700000","status":"publish","type":"post","link":"http:\/\/www.newsmolo.com\/EDC\/2019\/2020\/03\/07\/refi-of-gold-oak-union-school-district-bond-saves-taxpayers-over-700000\/","title":{"rendered":"Refi of Gold Oak Union School District Bond Saves Taxpayers over $700,000"},"content":{"rendered":"<p><em>Dina Gentry, Pleasant Valley, CA]<\/em><\/p>\n<p>Gold Oak Union School District successfully completed the \u2018refunding\u2019 (or refinancing) of $1.92 million of its outstanding bonds, which were approved by District voters in November of 2008 (56.1%). This refunding will save local taxpayers more than $700,000 in total through 2033. With savings projected to be $60.40 per $100,000 of taxable property over that period of time, savings for the typical household in the District are expected to total $191 (averaging $14.50 per year).<\/p>\n<p>District leaders were very pleased with the refunding. \u201cGiven that we owe such gratitude to the greater Gold Oak community, of course we\u2019ll do everything we can to be good stewards of their investment,\u201d said Board President, Renee Ferguson. \u201cThe moment we saw the opportunity to reduce tax bills, we acted immediately to decrease the cost of Measure \u201cE\u201d \u2013 and we very much appreciate our Administration and entire team for getting it done.\u201d<\/p>\n<p>In the process of issuing the refunding bonds, the District also affirmed its \u201cA+\u201d credit rating from Standard &amp; Poor\u2019s. This strong rating recognizes the District\u2019s strong local economic indicators, good financial policies and procedures, and low debt burdens. The \u201cA+\u201d rating also allowed the District to successfully conduct the sale of 2020 GO Refunding Bonds and take advantage of very favorable market conditions.<\/p>\n<p>\u201cHere in Gold Oak, our partnership with the community allows us to work as a team to best support our students,\u201d said Superintendent Meg Enns. \u201cEveryone plays a role in our success \u2013 so when there\u2019s a chance for us to give back to everyone, we are more than happy to make it happen.\u201d<\/p>\n<hr \/>\n<p class=\"rtecenter\"><strong>About Gold Oak Union School District:<\/strong><\/p>\n<p>Gold Oak Union educates approximately 480 students in transitional kindergarten through eighth grade at Gold Oak Elementary School and Pleasant Valley Middle School. The mission of the District is to promote and challenge the intellectual, creative, physical, and social development of all students \u2013 and the District partners with its broader community in a variety of ways to help achieve these goals.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dina Gentry, Pleasant Valley, CA] Gold Oak Union School District successfully completed the \u2018refunding\u2019 (or refinancing) of $1.92<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","darknews-slider-full":"","darknews-featured":"","darknews-medium":"","darknews-medium-square":""},"author_info":{"display_name":"News MoLo","author_link":"http:\/\/www.newsmolo.com\/EDC\/2019\/author\/admin\/"},"category_info":"<a href=\"http:\/\/www.newsmolo.com\/EDC\/2019\/News\/news\/\" rel=\"category tag\">News<\/a>","tag_info":"News","comment_count":"0","_links":{"self":[{"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/posts\/9592"}],"collection":[{"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/comments?post=9592"}],"version-history":[{"count":1,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/posts\/9592\/revisions"}],"predecessor-version":[{"id":9593,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/posts\/9592\/revisions\/9593"}],"wp:attachment":[{"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/media?parent=9592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/categories?post=9592"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.newsmolo.com\/EDC\/2019\/wp-json\/wp\/v2\/tags?post=9592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}