Bond papers: Series 2026A

Key facts

• Borrowed: $174.8 million, plus $18.0 million of premium.¹
• Used for: $100 million building; $91.3 million to pay off older loans.¹
• Sold by: a group of 5 banks, including J.P. Morgan.²
• Banks’ cut: $672,862.62 (0.39%).²

In short

An official statement tells loan buyers what they are buying. This one is for the Aug. 2026 loan: $174.8 million plus $18.0 million of premium.¹ Banks kept $672,862.62.²

Why it matters to your tax bill: the debt tax repays this loan.

Related: 2026 05 07 series 2026a · bond team · refinancing

Layer 1: What it is

Before a district sells a loan, it writes an “official statement.” It tells buyers what they are buying. It is also the best public record of what the loan cost.

Layer 2: What we use from it

• Where the money went (sources and uses).¹
• Which old loans were paid off.³
• Who worked on it: lawyers, advisers and banks. See bond team.⁴

Layer 3: How it connects

The board set the limits for this loan on May 7, 2026. See the decision record.⁵

The other side

• An official statement is the district’s own sales document, reviewed by lawyers. It is a strong source, but written to sell bonds.

Questions to ask

• Where will the district post the savings from the refinancing part?
• Where can the public find the final sale report?

Changes to this page

• Nov. 2, 2026: Added questions to ask.

What you can do or watch next

• See 2026 05 07 series 2026a for the vote behind this sale.

What we don’t know yet

• the savings from the refinancing part.

Footnotes

1. Series 2026A official statement, sources and uses. ↩ ↩² ↩³ ↩⁴

2. Series 2026A official statement, cover and underwriting. ↩ ↩² ↩³

3. Series 2026A official statement, Schedule I. ↩

4. Series 2026A official statement, legal matters. ↩

5. Board packet, May 7, 2026 (meeting 738502). ↩