By Kris Corey
The Fairfield-Suisun Unified School District refinanced its 2012 General Obligation Refunding Bonds to save District property owners over $2 million in taxes.
This is the second time in the last two years the District has taken advantage of incredibly low interest rates to save taxpayers money. It is also the second time the District has refinanced these specific bonds. The first refinance of these bonds was completed back in 2012, also to save property taxpayers money. The very original bonds, issued in 2004, were authorized by Fairfield-Suisun Unified School District voters at an election in 2002. The proceeds of those bonds were used to provide renovated classrooms, repair aging school facilities, and relieve severe overcrowding by constructing new classrooms.