On February 23, 2017, Santa Cruz City Schools successfully sold the first installment of Measure A and Measure B bonds. The bond measures were approved by voters in November 2016 to fund improvements to schools throughout the district. Prior to the sale of the bonds, two national credit rating agencies reviewed the bonds and the District’s financial performance. Moody’s rated the bonds a very strong “Aa2” and Fitch Ratings assigned a “AAA” rating, the highest possible rating category.
The bonds were sold via a competitive bid process with Fidelity Capital Markets (www.fidelity.com) submitting the winning bid that provided the lowest interest cost to the district and its taxpayers. Local community members interested in purchasing bonds should contact their investment advisor or Fidelity Capital Markets.