Sierra College to Save $5 Million for Taxpayers?
Rocklin-- Taking advantage of historically low interest rates and its excellent credit worthiness, Sierra College saved taxpayers roughly $5 million by successfully refinancing its facility bond debt for its Nevada County and Tahoe Truckee campuses. The nearly $5 million in savings generated by this action will go directly to the taxpayers in those areas in the form of reduced property taxes over the next 17 years.
"Sierra College has a commitment to fiscal responsibility that has served us well during the recent tough economic times," stated Superintendent/President Willy Duncan, "This commitment extends beyond the college's own finances to our relationship with the taxpayers in our district. We are pleased to provide this savings to those who have supported us."
The Sierra College Board of Trustees enthusiastically endorsed the debt refinancing at its January 2013 meeting. Board President Howard Rudd commented, "We believe in being good stewards of public resources and respecting the trust that our communities placed in us when they passed Measures G and H."
This refinancing is part of the ongoing maintenance of existing debt which has resulted in significant savings over the last few years. The Bonds were sold Wednesday through a public offering, the interest rates are fixed, and the taxpayer savings are guaranteed.
Placer County News HeadlinesBayside West Church Opens Registration for Breakaway 2013Bayside West Community Church's annual summer camp for kids that includes in-depth Bible stories, wet and wild games, awesome music, and
Roseville Students Awarded for Anti-Tobacco ArtworkAndrew Kurtz, a 17-year-old senior at Roseville's Woodcreek High School, was shocked to look up from his desk and see his parents and a group of photographers
Child Support Services Open House in Rocklin May 21Placer County's Department of Child Support Services is hosting a monthly "Open House" seminar to provide information to residents interested in learning more about the services it provides.
Deals: Thunder Valley Concert Ticket PackagesLINCOLN - Guests will have the chance to purchase a limited number of exclusive season ticket packages for Thunder Valley Casino Resort's much anticipated Summer Concert Series this Saturday, May 18.
Roseville Company Buys Huntington Park Complex for $11 Million USA Properties Fund Inc. has acquired Huntington Plaza Apartments, a 184-unit senior housing community in Huntington Park in central Los Angeles County.
Greek Food Festival Kicks Off in RosevilleThe 18th Annual Saint Anna Greek Food Festival in Roseville kicks off tonight at 5 pm. FREE Admission and Free Parking!
World Record Attempt at Apple Pie Eating at Thunder ValleyThunder Valley Casino Resort will kick off its 10-year anniversary celebration and grand opening of its all-new Buffet with an attempt to break the world apple pie eating record
Roseville Students Get Hands-On Money ManagementNearly 40 students from Roseville High School's Advancement Via Individual Determination (AVID) program got a "bite of reality" May 8, when they attended an interactive financial education simulation