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TTSD Bonds Sold on March 8

Underwriters sold $200,955,000 in Tigard-Tualatin School District construction bonds on March 8.  The district received a $31 Million premium for the bonds sold which can be applied toward bond measure projects.  

The dollar amount sold reflects the cost of projects anticipated to be completed within three years.  A balance of $90,360,000 in unsold bonds remains.  Those bonds will be sold at a later date to finance  projects--including the Art Rutkin Elementary School--that will be completed after the first three-year window.

The outcome of the sale maintains the estimated tax levy rate that was approved by voters.