Featured Municipal Bond Issue, Week of May 29th, 2018: Evergreen School District No. 114 – $115 Million
Evergreen School District in Vancouver WA is issuing general obligation bonds in the amount of $115 million the week of May 29th, 2018. The bonds are being issued in a single series, and interest earned on the bonds is considered tax-exempt for federal income tax purposes. The bond proceeds are authorized for capital projects of the District, including but not limited to:
- Construct and equip a new elementary school
- Replace Sifton, Marion, Image, Burton, and Ellsworth Elementary Schools
- Replace Wy’East Middle School
- Replace Mountain View and Legacy High Schools
Security for the bonds is a general obligation pledge of the full faith and credit of the District, and an irrevocable covenant to levy ad valorem property taxes without limit as to rate or amount. Details on the purposes, tax-status, security, as well as other matters pertaining to these Evergreen School District bonds can be found in the preliminary official statement, available on MuniOS.
Evergreen School District is in the city of Vancouver, WA which is a part of the Portland-Vancouver-Hillsboro, OR-WA Metropolitan Area. As of March 2018, the Portland metro area has an unemployment rate of 4.1%, which is 0.2% higher than the U.S. rate in March, and 0.5% higher than the unemployment rate as of March 2017, as can be seen in the chart below.
You can find 10-year employment and labor force trends for all 50 states and each Metropolitan Statistical Area in the U.S. in our Employment Database, and more labor sector growth and compensation data on our Job Market page.
These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.
by Jeffrey L Garceau