Washoe County School District utilizes three types of debt:
· General obligation bonds that pledge property taxes received from the property tax levy of $0.3885 within Washoe County for school district debt.
· Medium term notes (notes with a term less than 10 years) that are paid by the General Fund.
· General obligation bonds that pledge sales and use tax revenues received from the sales and use tax rate of $0.54, which was approved by voters in November 2016. These bonds are commonly referred to as “WC-1 bonds” after the WC-1 ballot measure in November 2016.
As of June 30, 2020, the District had $1,035,501,862 of total outstanding debt. Please click on the most recent Debt Management Policy below for a more detailed listing of the District’s debt. For continuing disclosure information on the District’s debt, please also see the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (EMMA) website at https://emma.msrb.org/.
Washoe County School District, Nevada is a municipal entity and is an issuer of municipal securities. The District intends that the linked notice constitutes the “required representation” for purposes of the “represented by an independent registered municipal advisor” set forth in Securities and Exchange Commission Regulation §15Ba1-1(d)(3)(VI)(17 CFR §240.15Bal-l (d)(3)(vi)) (the "Regulation").
Debt Managment Policies
Nevada Revised Statute (NRS)350.013 requires the annual submission of a Debt Management Policy.