Bond Issuance History -- California School Bonds Clearinghouse
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Bond Issuance History

Luther Burbank Bonds

Has the district really been a good steward of your tax dollars as it claims?

Here's a list of every bond1 that the district has authorized. As you can see, some are based on bonds you authorized in a measure. Others are the district issuing bonds to cover a short-fall in its budget. Whether it's a special additional tax that you voted for or not, it's still costing you money every time a bond is issued. All the advisors, brokers, lawyers take their cut and the wealthy investors are paid the interest.

1 Source: State Treasurer, California Debt and Investment Advisory Commission

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Luther Burbank
(Santa Clara County)
Bonds Issued
Courtesy of California School Bonds Clearinghouse
Sale Date Facility Debt Other Debt Measure Rate Maturity CAB?1 Ref?2 Type?3 Debt?4
1 Capital Appreciation Bonds (CABs)
2 Refunding bonds replace previously issued bonds with new bonds, usually at a lower interest rate.
3 Neg = Negotiated, Comp = Competitive
4 GO = General obligation bond, COP = Certificates of participation, TAX = Limited tax obligation bond
  Grayed Row = Issue has matured and has been fully amortized.
  Green Row = Sale or final documents pending.
Source: State Treasurer Office DebtWatch (June 22, 2018)
Luther Burbank School District
2012-04-18   $ 1,960,044     6.0660%  2051-08-01  Neg  GO 
2008-01-10   $ 39,999     5.0600%  2032-08-01    Neg  GO 
2008-01-10   $ 4,099,994     4.9140%  2047-08-01    Neg  GO 
2007-03-20   $ 3,399,962     4.4260%  2031-08-01    Neg  GO 
2006-02-28   $ 1,673,635     8.2570%  2015-08-01  Neg  GO 
2001-06-21     $ 440,000   2.6500%  2002-07-03    Neg  TRAN 
2000-06-21     $ 535,000   4.2710%  2001-07-03    Neg  TRAN 
1999-10-07   $ 150,000     8.5000%  2023-08-01    Neg  GO 
1999-06-08     $ 600,000   3.0920%  2000-07-03    Neg  TRAN 
1998-06-25     $ 545,000   3.7410%  1999-07-02    Neg  TRAN 
1998-04-08   $ 1,650,000     5.1920%  2022-08-01    Neg  GO 
1997-06-25     $ 490,000   3.8510%  1998-07-02    Neg  TRAN 
1996-06-19     $ 495,000   3.8500%  1997-07-02    Neg  TRAN 
1995-06-15     $ 475,000   3.7500%  1996-07-03    Neg  TRAN 
1994-06-17     $ 400,000   3.8500%  1995-07-05    Neg  TRAN 
1993-06-25     $ 350,000   2.9000%  1994-07-05    Neg  TRAN 
1992-06-03     $ 300,000   3.5000%  1993-07-02    Neg  TRAN 

 


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