Vacaville USD bond refunding measures save taxpayer dollars – The Reporter

By Richard Bammer

But just how much the average taxpayer will save in the coming months remains unclear, said Chief Business Officer Jane Shamieh, referring to recent refunding of Measure V, the $101 million school bond measure approved by voters in 2001.

District officials refunded outstanding general obligation bonds in 2014, first in May, then again in December, after interest rates tumbled further as a result of reduced municipal bond supply, strong bond fund cash flows and signs of a global economic slowdown, she noted in a statement sent to The Reporter on Thursday.


The action will save the property owners more than $9.2 million in taxes, Shamieh said.

via Vacaville Unified School District bond refunding measures save taxpayer dollars.

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