The Fairfield-Suisun School District refinanced its 2012 general obligation refunding bonds to save district property owners $2 million in taxes.

This is the second time in two years the district has refinanced at a lower interest rate. The first refinance was completed in 2012. The original bonds, issued in 2004, were authorized by voters in a 2002 election. The proceeds were used to provide renovated classrooms, repair aging school facilities and relieve overcrowding with new classrooms.

Source: School district refinances bonds to save taxpayers $2M