Taxpayers save $4.24 million from refinancing TUSD bonds
Turlock, Ca, Friday, July 10, 2015: Turlock Unified School District (TUSD) taxpayers will save approximately $4.24 million through lower taxes on three general obligation bonds—great news for both our district and community. TUSD refinanced the voter approved Measures N, Y and Z General Obligation (GO) Bonds at lower interest rates on June 30. The District issued $29,800,000 of refunding bonds to refinance the Measures N, Y and Z GO Bonds maturing after June 1, 2015, and pay issuance expenses. Robert W. Baird & Co., Inc., submitted the winning bids in competitive sales for the refinanced bonds.
The Measure N General Obligation Bond Measure was approved by the voters in November 1996. This bond measure provided for the original construction of John H. Pitman High School. Measure Y, approved by voters in November 2006, provided for the modernization of Turlock High School and Roselawn High School. Measure Z, passed in November 2006, provided for the modernization of eight schools, including Crane Early Learning Center (now eCademy Charter at Crane School), Brown, Crowell, Cunningham, Dutcher, Julien, Osborn and Wakefield.
District Refinances 2005 Certificates of Participation (COP) For Savings
Earlier in June, TUSD refinanced the 2005 Certificates of Participation (COP) through a 2015 Refunding Lease/Purchase. The District issued the 2005 COP to finance the addition of a 12 classroom wing at Pitman High School and modernization work at Dutcher Middle School and Turlock High School. Sterling National Bank purchased the lease with an interest rate of 3%. Savings to TUSD are approximately $721,000, or $584,000 on a net present value basis.
Refinancing the bonds and COPs continues the District’s prudent management of debt. Taxpayers placed their trust in the District when they approved bonds. The District lives up to that trust by refinancing the bonds to reduce interest costs, showing good stewardship of taxpayer money.
Assisting the District in the sale of bonds and COPs were the firms Government Financial Strategies, Inc., as financial adviser, and Kronick, Moskovitz, Tiedemann & Girard, as bond counsel. Both firms are based in Sacramento, and our team effort has produced significant savings for TUSD and the Turlock community.
If you have any questions please call the TUSD Business Services at (209) 667-0645.
Bond Signing at TUSD
Pitman High FFA Students Become Vintners
The Pitman High School FFA Viticulture class lead by teacher Krista Vannest were chosen as the makers of the Best of Show at the Bottle Shock Open in Lodi, California.
For more information about this program and how this class was developed, check out this blog:
Aeries Family Link Website Has Changed
The website address for the TUSD Family Link program has changed. The new link is: http://aeries.turlock.k12.ca.us/aeries.net/Loginparent.aspx?page=default.aspx Please save this link in your favorites or bookmark the page. Use TUSD Family Link to access your students information. If you have questions concerning this program, please contact your school site office.
Calendar of Events
Instructional Support Center Hours
The Instructional Support Center located at the TUSD District Office Room 103. The hours for the 2015-2016 school year will be:
Open August 3 - 12
Hours: 9:00 a.m. - 2:30 p.m. Mon. - Fri.
Open August 13 - May 27, 2016
Hours: 12:30 - 5:30 p.m. Mon., Tue., & Thurs.
8:00 a.m. - 1:00 p.m. Wed., & Fri.
Please call or email the ISC if you have any questions (667-8205 - Annette Hadlich - email@example.com)
College Courses for High School Students Offered for Fall 2015
Turlock Unified "A" Period
CSU, Stanislaus Course Offerings
Begin Building Your College Transcript While Still in High School
Turlock High School
Contemporary Moral Issues (PHIL 2400)
Pitman High School
Searching for America: Intro to Ethnic Studies (ETHS 2050)
*See your counselor for more information.
For more information contact:
Assistant Superintendent/Educational Services
Health Information for Parents on Enterovirus D68
Due to the recent outbreak of the enterovirus D68 which is associated with severe respiratory illness that has been especially harmful to children, we would like to provide resource information that is available to answer any questions you may have:
District Office Telephone Directory