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

Modesto City Elementary 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

If you have a suggestion or wish to report a correction, please click here.

 

Modesto City Elementary
(Stanislaus 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)
Modesto City School District
2013-02-01   $ 2,440,000     2.2490%  2016-09-01  Neg  COP 
2003-07-15   $ 11,875,000     2.3030%  2008-08-01  Neg  GO 
2002-04-02   $ 16,998,337     5.7450%  2027-05-01    Neg  GO 
1993-02-04   $ 23,855,000     5.4870%    Neg  GO 
1991-09-27     $ 280,165   0.0000%      Neg  COP 
1991-09-27     $ 112,000   8.9500%      Neg  COP 
1988-07-25   $ 28,640,000     7.3690%    Comp  GO 
1987-06-21   $ 4,260,000     6.9520%      Neg  COP 
Modesto City Schools
2001-06-20   $ 7,260,000     4.5890%  2016-09-01    Neg  COP 
1998-11-05   $ 19,705,000     4.3150%  2011-09-01  Neg  COP 
1991-09-04   $ 9,300,000     0.0000%  2011-08-01    Neg  COP 
Modesto City Schools
1996-06-18     $ 5,000,000   4.4280%  1997-06-30    Neg  TRAN 
1995-06-08     $ 5,000,000   3.8520%  1996-07-05    Neg  TRAN 
1994-06-09     $ 5,000,000   3.7020%  1995-07-10    Neg  TRAN 

 


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