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Salt Lake City School District issues first of $730M school improvement bonds
Salt Lake City School District issues first of $730M school improvement bonds

Yahoo

time22-05-2025

  • Business
  • Yahoo

Salt Lake City School District issues first of $730M school improvement bonds

The Salt Lake City School District has initiated the first steps toward a massive overhaul of its high schools, following a vote last year. District officials announced Wednesday that they've issued the first series of bonds tied to the $730 million bond that residents approved in the 2024 election. The bond was proposed to fund plans to rebuild West and Highland high schools, as well as support other projects like a 'modern' new athletic field house at East High School and sustainability projects throughout the district. Officers added that the first issuance follows recent meetings with Fitch Ratings and Moody's Investor Services over the bond market. Both agencies affirmed the district's AAA bond rating following reviews of the proposed projects, the district's financial operations, and the local economy. AAA is the highest credit rating available, signaling the least amount of risk, as noted by the bond agencies. It allows the district to borrow at the lowest possible interest rate. 'This is a win for our students, our schools and our taxpayers,' said Salt Lake City School District Superintendent Elizabeth Grant in a statement. 'We know Salt Lakers are facing rising costs in nearly every area of their lives. Thanks to our district's history of strong financial management, we can make critical investments in our facilities while minimizing the financial impact on our community.' Construction of a rebuilt West High School is on pace to begin in March of 2026, according to the district. The $300 million project is expected to take five to seven years to complete. Highland High School's rebuild is also expected to cost $300 million, but construction isn't expected to take as long. The district anticipates breaking ground on the project next spring, with completion expected in 2030. Construction on East High School's new field house is expected to begin sometime after that, likely two to three years after construction begins at the other schools. The $40 million project is tentatively expected to be completed in 2030. The remaining $82 million in project costs will be allocated toward a student-led Sustainability Resolution that the school board adopted in 2020. The money will go toward new solar panels and electric heat pumps at facilities, enabling the district to achieve its goal of using 100% clean energy by 2030 and becoming 100% carbon neutral by 2040. The district estimates that projects will begin this fall and continue through 2029. The bond received 61% of the vote from Salt Lake City's residents in November 2024. Property tax increases related to the bond will begin appearing on tax notices in August, district officials wrote on a project website. The increase is expected to raise district property taxes by $38.33 per year, or $3.19 per month, for every $100,000 in home value, which equates to $220.80 per year for the median homeowner. Businesses will also receive an increase of $67.70 per year, or $5.81 per month, for every $100,000 in value. Still, district officials say landing the AAA bond rating should help taxpayers save 'millions' in future interest payments over the life of the issued bonds. 'This is an external recognition of Salt Lake City School District's long-standing practice of sound financial management and wise long-term planning,' said Alan Kearsley, business administrator for the Salt Lake City School District. 'We are proud to be able to save our taxpayers money as we begin selling the bonds approved by our community last November.'

'La Mer-like' serum contains 'magic' ingredient to transform skin in 28 days
'La Mer-like' serum contains 'magic' ingredient to transform skin in 28 days

Daily Mirror

time20-05-2025

  • Health
  • Daily Mirror

'La Mer-like' serum contains 'magic' ingredient to transform skin in 28 days

In a market flooded with skincare products promising to reverse the signs of ageing, we've discovered a tried-and-true formula that shoppers swear has been performing 'magic' for over two decades – and could be an excellent substitute for high-end, pricey skincare options. The top-selling Elizabeth Grant Supreme Essence of Torricelumn serum features a potent blend of sea-derived minerals, coenzyme Q-10, collagen, vitamins A, C and E, and plant stem cells, drawing parallels to La Mer's esteemed line of skincare, which contains its trademarked 'miracle broth' made from ingredients including giant sea kelp extract. However, whereas La Mer The Concentrate comes with a £545 price tag for a 50ml bottle, Elizabeth Grant's essence is available at Debenhams for £70. This serum aims to tackle five symptoms of skin ageing within 14-28 days: dehydration, fine lines and wrinkles, dullness, redness, and uneven tone. This is made possible by its key component Torricelumn, hailed by customers as "magical" and "fantastic": "Amazing product!" raved one customer about the ingredient, adding: "I've been using Elizabeth Grant Torricelumn for almost 20 years. People frequently ask why my skin looks so fresh. My age is often guessed to be much younger. Who wouldn't love that?" "So moisturising. Love the products. Skin feels and looks great. Reduces fine lines," reads another testimonial, reports the Mirror. Another fan wrote about the serum: "Incredible! I started using this product just under a month ago and have seen such a great improvement on my skin and face. I highly recommend this product, and worth the price." Elizabeth Grant recommends using this multi-tasking product "as a hydration booster, to heal a sunburn or as an anti-ageing serum", suggesting daily application, morning and night, after cleansing and before moisturiser and SPF. For the latter two steps, we currently recommend Medik8 Total Moisture Daily Facial Cream (£48) and Ultra Violette Future Fluid SPF50+ Superlight Mineral Skinscreen (£38). If you're interested in exploring other youth-boosting serums harnessing algae's power, consider the Elemis Pro-Collagen Renewal Serum, currently discounted from £75 to £60. For a more budget-friendly option, L'Oréal Paris Age Perfect Serum Le Duo with Collagen Peptides (£37.99) could be worth a try. This unique serum features a collagen peptide booster on one side and a vitamin-infused blend on the other, designed to enhance glow.

Anti-ageing serum containing ‘La Mer-like' ingredients has users looking younger
Anti-ageing serum containing ‘La Mer-like' ingredients has users looking younger

Daily Mirror

time19-05-2025

  • Health
  • Daily Mirror

Anti-ageing serum containing ‘La Mer-like' ingredients has users looking younger

Shoppers are praising this youth-boosting Debenhams serum that plumps and rejuvenates skin, saying that it gives 'such a great improvement' in less than a month Nowadays there is seemingly endless skincare launching that promises to turn back the clock on skin ageing, but we've found one formula that's been working 'magic' (according to shoppers) for over 20 years – and could be a good alternative to super pricey skincare. Elizabeth Grant's Supreme Essence of Torricelumn is a bestselling serum that contains sea-sourced minerals as well as coenzyme Q-10, collagen, vitamins A, C and E, and plant stem cells. This sounds similar to La Mer's iconic line of skincare products, which included its trademark 'miracle broth', a complex contains, amongst other things, giant sea kelp extract. Whereas a 50ml bottle of La Mer The Concentrate costs a whopping £545, however, Elizabeth Grant's essence instead costs £70 from Debenhams. This Debenhams serum is designed to tackle five signs of skin ageing in as little as 14-28 days, the brand claims: dehydration, fine lines and wrinkles, dullness, redness and uneven skin tone. This is thanks to the key ingredient Torricelumn, which customers are calling "magical" and "fantastic": "Amazing product!" one person called the ingredient. "I've been using Elizabeth Grant Torricelumn for almost 20 years. I am frequently asked why my skin is so fresh looking. My age is also often misjudged as being much younger. Who doesn't love that?" "So moisturising. Love the products. Skin feels and looks great. Reduces fine lines," another review reads. A third person said of the serum as a whole: "Incredible! I started using this product just under a month ago and have seen such a great improvement on my skin and face. I highly recommend this product, and worth the price." Elizabeth Grant says that this hero product can be used "as a hydration booster, to heal a sunburn or as an anti-ageing serum", and so we'd use it morning and night after cleansing and before moisturiser and SPF. If you're looking for tried and tested recommendations for the later two, we're currently loving Medik8 Total Moisture Daily Facial Cream, £48, and Ultra Violette Future Fluid SPF50+ Superlight Mineral Skinscreen, £38. Another youth-boosting serum that harnesses the powers of algae is Elemis Pro-Collagen Renewal Serum, currently reduced from £75 to £60, while a cheaper serum to consider is L'Oréal Paris Age Perfect Serum Le Duo with Collagen Peptides, £37.99, which features a collagen peptide booster on one side and a glow-boosting blend of vitamins B3 and C on the other.

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