By Nick Sestanovich
Earlier in the month, Vacaville Unified School District issued its Series C of general obligation bonds provided by Measure A, a $194 million bond initiative passed by Vacaville voters in 2014.
The district says this most recent issuance has saved local property owners millions in taxes due to a rating upgrade for the district, a recent downturn in interest rates and bond structure optimization, according to a district news release.
Through this most recent issuance, VUSD has priced $145 million in general obligation bonds. The district’s credit was reviewed during the process, and it received an AAA rating from Fitch Group, according to the district.