The Solano Community College District has announced its most recent bond initiative that it says will lower property taxes and save district taxpayers millions in future debt payments.
The district was able to achieve savings of approximately $13.9 million for local taxpayers by refinancing existing general obligation bonds, according to a press release.
The district has taken advantage of previous refinancing opportunities since 2005. The combined savings from all of the refinancing efforts now totals more than $46 million, the college district reports.