By Ryan McCarthy
Cutting property taxes on more than 8,700 parcels – with savings officials say total about $10 million – won approval Thursday by Fairfield-Suisun School District trustees, one of whom said she expected the action would make a taxpayer’s advocate smile.
Property tax assessments for landowners in Community Facilities District No 5, established during the 1989-90 school year, have paid for construction at B. Gale Wilson School, Crystal Middle School, Green Valley Middle School, Rolling Hills Elementary School and other projects, a school district staff report said.
The tax rate in the district was cut to 25 cents per square foot – $600 a year for a 2,400-square-foot home – in 2009. The overall debt has since been refinanced to lower the overall debt, most recently in 2015, according to a staff report.