Message from Natomas Unified: Last night the Natomas Unified Board of Trustees unanimously directed staff to pursue a refunding opportunity from the 2006 Measure D facilities bonds that could save the Natomas taxpayers up to $10 million. Refunding can most simply be described like “refinancing” a home loan to save on the mortgage. In this case, Natomas Unified will refund (or refinance) bonds from 2006, resulting in millions of dollars saved for Natomas taxpayers. The refunding efforts approved by Trustees will result in the repayment of bond debt faster. This past November 4th the Natomas community passed Measure J, a $129 million bond measure with over 72% of the voters approving. The refunding of the 2006 Measure D bonds is another in a series of on-going actions by the Trustees to save taxpayers money, while building world-class schools. In June 2013 the Trustees refunded other Measure D bonds, saving taxpayers over $3 million.
The detailed presentation (Presentation IIc) is located at http://natomas.csbaagendaonline.net/cgi-bin/WebObjects/natomas-eAgenda.woa/wa/showMeeting
