District prepays $3M on State Trust Fund debt

Glendale-River Hills School District plans to apply $3,000,000 of fund balance in June 2026 to prepay its State Trust Fund loan, cutting the outstanding balance from $5.48 million to about $2.45 million. The early repayment restructures debt, shifts levy capacity to the general fund, and is expected to generate substantial interest and tax savings.

Scope & details

The full contract record, as filed.

Contract amount

$3,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Prepayment in June 2026 toward existing debt (current balance $5,477,729)

Renewal

This is a one-time prepayment and restructuring of an existing State Trust Fund loan, reducing principal and shortening or altering the remaining amortization schedule; no renewal terms apply.

Document type

Budget

Source document

Glendale-River Hills School District Budget Adjustment 2025-26 2026-05-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Glendale-River Hills School District?

State Trust Fund was awarded this financial services contract by Glendale-River Hills School District, as recorded on May 20, 2026. The contract value is $3,000,000.

How much is the State Trust Fund contract with Glendale-River Hills School District worth?

The State Trust Fund contract with Glendale-River Hills School District is valued at $3,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Glendale-River Hills School District Budget Adjustment 2025-26 2026-05-20 (Budget), dated May 20, 2026 from Glendale-River Hills School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Trust Fund hold?

State Trust Fund may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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