Issaquah School Board prepares to cash in bonds for construction projects

The Issaquah School Board is getting ready to sell some of its bonds to make money for the construction projects at Issaquah High School and Skyline High School.

  • Monday, December 19, 2011 11:02am
  • News

The Issaquah School Board is getting ready to sell some of its bonds to make money for the construction projects at Issaquah High School and Skyline High School.

The district is going out to bid on the morning of June 11, and although the market isn’t as steady as it once was, officials still say it’s a good time to buy.

“Really the name of the game is volatility,” said Seattle Northwest Security consultant Trevor Carlson. “It’s still a great time to be borrowing long term on behalf of the taxpayers for the district. We’re still near historic lows.”

The district will put the money from the sale of the bonds into the Capital Funds account on June 26 for construction costs for the high schools.

The goal is to put the whole $60 million into the account.

To reach that goal, district officials hope to use some premium bonds, which buyers are willing to pay a bit more than the face value of, to cover the cost of selling the $60 million in bonds.

The bond measure was approved by voters two years ago.

Total tax rates for the bond are not to exceed $3.97 per $1,000 assessed value. This number will drop to just less than $2.50 in 1013 and will drop again to slightly more than $1.60 in 2026.

School Board members plan to discuss the offers at their next meeting on June 11.

In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing

To share your opinion for publication, submit a letter through our website Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in News

Courtesy photo
State offers free at-home COVID-19 tests

You can order the tests through the state’s new online portal.

Sen. Mona Das, D-47
Kent Democratic Sen. Mona Das proposes 1% cut in state sales tax

Starting in 2023; Republicans voice support for Senate Bill 5932

File photo
Non-profit sponsors study on how the pandemic impacted arts and culture in Puget Sound

The study helped identify challenges faced by residents and cultural organizations in Washington

File photo
WA lawmakers propose making companies responsible for recycling improvements

SB 5697 would compel industries to report data, invest in infrastructure, meet standards.

Governor Jay Inslee. Sound Publishing file photo
Inslee: Officials’ lies about election results should be crime

Governor wants lawmakers to pass legislation making it a gross misdemeanor.

Sarah Perry, King County Council
King County Councilmember Sarah Perry shares her priorities for Eastside

New District 3 King County Councilmember Sarah Perry has outlined behavioral health,… Continue reading

File photo
County auditor finds agencies fall short on emergency services

The auditor’s office recommends clarifying responsibilities and accountability for effective planning.

Search and Rescue Crews look for car crash victims along Snoqualmie River near Fall City. Courtesy of Washington State Patrol.
Crews continue search for crash victims near Fall City

Law enforcement agencies continue to search the Snoqualmie River for a woman… Continue reading

Most Read