Rescue Union School District

Measure K Bond

Current Status as of November 2017

•This fund was opened for the Measure K Bond that was approved on April 14, 1998.
•The district estimated the assessment at $25.00 per $100,000.
•The bond authorized up to $27,000,000 in funds.
•The community approved Measure K at 75.8% approval rate.
•Bonds were issued in 1998, 2005, and 2007. 
•Refunding occurred in 2013 and 2016.   
•All remaining proceeds from bond issuances have been fully expended as of December 31, 2017.
•Debt service for Measure K will be completed in September 2032.