Vacaville school leaders consider bond change – The Reporter

By Richard Bammer

A collective eye cast on the bottom line, Vacaville Unified leaders at their next meeting will consider signing off on a resolution to lower the principal and interest on an existing general obligation bond, possibly saving taxpayers some $2 million.

At their April 3 meeting, trustees heard a report by financial adviser Jon Isom, with board member Michael Kitzes calling for the extra time to mull over options. Trustees then agreed to defer a vote until April 17.

If the measure is approved, the principal of the refunding bonds — stemming from the $101.3 million Measure V bond passed by local voters in 2001 — will not be more than $28.5 million.

via Vacaville school leaders consider bond change – The Reporter.

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