VUSD: Bond refinance will be boon to taxpayers – The Reporter

By Nick Sestanovich

Property owners in Vacaville Unified School District will see a reduced property tax rate on future bills, district officials announced in a new release.

This past month, VUSD refinanced $39.56 million in general obligation bonds, a move officials said would save district property owners more than $4.19 million in property taxes.

“With interest rates near historic lows, we wanted to take this opportunity to save our community money, particularly in light of the downturn in the economy,” Superintendent Jane Shamieh said in a statement.

Source: VUSD: Bond refinance will be boon to taxpayers – The Reporter

Comments are closed.