[quote=sdseeker]I am not a finance guy so I could be off base but…
Maybe the bond holders are not taking as much risk as some think. Could the fact that current Mello Roos expiration can be significantly extended provide a fairly secure future revenue stream? I was told that my current Stonebridge MR CURRENTY expire FY 34 but can be extended to 2051 when new debt is issued. The payoff amount on the MR increases as new debt is incurred. I was also told PUSD is imminently issuing new debt. Do you think this bond issue is tied to Mello Roos?[/quote]
The bond does not affect CFD’s. The bond is supposed to pay for non-CFD schools to be brought to CFD schools level and it will (or is supposed to be) paid by non-CFD residents.
