- News release
May 23, 2019
District refinanced bonds, saving taxpayers $7.4 million in 10 years
High credit ratings and lower interest rates benefit taxpayers over long-term
On May 22, 2019, Everett Public Schools sold a total of $62,935,000 of tax-exempt bonds,
which will provide $49.7 million of funds to finance a portion of the bond projects approved by
voters in February 2018.
- The refunding portion of the 2019 bond issue is the fifth such refunding the district has
completed since 2007.
- The district has been
monitoring bond market conditions over the past six months, and recent low interest rates
allowed the district to exceed their savings target.
- Standard and Poor’s Global Ra...