District News
School District Saves Local Taxpayers Money PDF Print E-mail

Raymond, WA - August 28, Raymond School District took advantage of historically low interest rates in the municipal bond market and completed the refinancing of its 2004 Unlimited Tax General Obligation Refunding Bonds. The original 2004 bond proceeds had been used to refinance the District's 1999 and 1994 prior voted debt (which financed the construction of the new high school, renovated the elementary school and added classrooms and a gymnasium).

The refinancing will reduce debt repayment costs by approximately by a total of $170,000 over the next four years, when the debt will be retired. Working with Martin Nelson and Company, the District was able to replace the 3.87% average interest rate currently paid on its outstanding 2004 debt with a new rate of 1.22%.

The District was able to secure such low interest rates through the use of an inaugural credit rating from Standard and Poor's and the utilization of a guarantee from Washington State to pay the District's debt service in the event of default. The District's first effort to acquire its own credit rating yielded a strong result. Standard and Poor's awarded the District an "A+" ranking as a result of its highly stable finances, strong liquidity and modest debt load.The S&P rating award also reflected the District's financial success from prior e-learning programs.

"We continue to seek ways to be effective and efficient with taxpayer funds" said Superintendent Dr. Steve Holland. We know our residents are concerned about the economy and we felt these cost reduction efforts were important. The District chose to enter the bond market now so that taxpayer savings could be achieved while interest rates are still at generational lows".

"The refinancing opportunity surfaced in June of this year and we felt it was important to complete the project now before interest rates turned volatile and we found ourselves missing an opportunity to reduce interest costs by 2.65% per year," said Fiscal Officer, Tera Stephens.

 
Ron Bell Appointed to Board PDF Print E-mail
Former RHS Principal Ron Bell was appointed to the board on May 22nd at the Raymond School District board meeting. The board expressed their appreciation to all interested applicants, which included Ms. Julie Gardner and Ms. Kim Rumbles, as well as Mr. Bell. Mr. Bell, who has been a teacher, coach and counselor, stressed that the reason he wished to be on the board was to contribute to the community and ensure that all students have the best education possible. The appointment was required because current board member Beth Stevens will resign from the school board as of June 11th. Bell's appointment will become effective when he is sworn in at the June board meeting on the 26th, and will last until the next general election.
 
Raymond SD Calendar PDF Print E-mail
 
2014-15 Academic Calendar Approved PDF Print E-mail

The Raymond School Board approved the 2014-15 Academic Calendar at the 24 April board meeting. The calendar can be found here.

 
Common Core is Coming PDF Print E-mail

According to the Common Core web site, "The Common Core State Standards Initiative is a state-led effort coordinated by the National Governors Association Center for Best Practices (NGA Center) and the Council of Chief State School Officers (CCSSO). The standards were developed in collaboration with teachers, school administrators, and experts, to provide a clear and consistent framework to prepare our children for college and the workforce.”

These standards have been adopted by Washington State, and testing will begin in the 2014/15 school year. CCSS have been adopted by 40+ states.

Information can be found here:

http://www.corestandards.org/the-standards

Frequently Asked Questions

http://www.corestandards.org/resources/frequently-asked-questions

 
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