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Shasta College Issues $30M In Measure H Bonds, Saves Taxpayers $2M In Borrowing Costs – anewscafe.com


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In December 2020, the Shasta-Tehama-Trinity Joint Community College District (“District”) board authorized a 30 million dollar bond issuance from the voter-approved $139 million general obligation bond (Measure H) passed in November 2016. The District took advantage of historically low-interest rates in deciding for this third issuance of Measure H Bonds and received a True Interest Cost of only 1.931%. This decision reduced total estimated borrowing costs and helped make a realized difference of $2 million in lower property taxes over the life of the bonds. The District also refunded some existing bonds from Measure A, passed by voters in March 2002. The college refunded $3.3 million in old bonds, which resulted in additional property taxpayer savings of nearly $300,000. ....

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N.J. treasurer: Mnuchin's clawback of federal funds could have devastating consequences | Opinion


N.J. treasurer: Mnuchin’s clawback of federal funds could have devastating consequences | Opinion
Updated Dec 11, 2020;
Posted Dec 11, 2020
U.S. Treasury Secretary Steven Mnuchin’s recent decision not to extend a valuable lifeline to states that s currently available under the CARES Act could have a devastating impact on other states during the economic crisis. (AP Photo/Evan Vucci)AP
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By Elizabeth Maher Muoio
The COVID-19 pandemic is not only a health crisis of dire proportions, it has also created a fiscal crisis that has local communities, states and nations struggling to respond to the desperate needs of their citizens. The federal CARES Act approved in the early days of the pandemic provided states and local governments with crucial financial support to help us fund many COVID-related costs. ....

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