Debt Management

  • 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 July 1, 2018, the District had $677,880,000 of general obligation bonds and $4,834,194 of general obligation medium-term notes outstanding.  This includes the District’s first sale of WC-1 bonds totaling $200 million. See chart for details

    The District is represented by an independent registered municipal advisor for all debt transactions.  For more information, please click here.

     

Debt Managment Policies

Bond Official Statements and Continuing Disclosure Reports