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First Bond Sale a Success 

$150 million in 4J bonds sell quickly in first issue 

On November 6, 2018, voters approved Measure 20-297, a bond measure to provide $319.3 million to replace three aging schools and fund capital improvements across the district.

The first sale of $150 million in authorized general obligation bonds now has been completed, providing funds for the first wave of improvement projects.

Eugene School District 4J is seen as a secure investment, and 4J bonds are highly rated. The district received a positive rating review and, with the district’s participation in the Oregon School Bond Guaranty program, a final bond rating of Aa1 from Moody’s Investors Service.

A high bond rating and high demand provide the opportunity to earn premiums on bond sales, helping taxpayers’ investment in our schools go further. In addition, the district will receive $8 million in matching funds from the State of Oregon through the OSCIM matching grant program.

Bonds will be issued again in the future for the remainder of the approved bond funds. Breaking the sale of bonds into multiple waves provides funding as it is needed for construction and other capital costs, avoids incurring interest on bonds before the money is needed, and spreads out the bond repayment and tax rate impact over time, benefiting taxpayers.

 

Bond measure information

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