By Nick Sestanovich
The Fairfield-Suisun Unified School District (FSUSD) announced that it had refinanced its 2011 General Obligation Bond Funds, which it said will save property owners in the district more than $1 million in taxes.
“FSUSD has a long history of being responsible stewards of the taxpayer’s dollars,” FSUSD Superintendent Kris Corey said in a statement. “Thanks to our exceptional credit rating and our fiscal responsibility, FSUSD was able to save our tax payers a little over one million dollars. We thank the community for their trust in us.”
FSUSD had previously completed its refinance in 2011. The original bonds were issued by the district in 2002 through the Measure C initiative to go toward providing adequate classrooms, fixing aging school sites and relieving overcrowding in the district through constructing and renovating locations. Measure C was approved by the voters that year. Among the projects completed through Measure C included a new library and quad at Armijo High School, the construction of a new Crystal Middle School site and the modernization of campuses throughout the district.