The Vacaville School District has refinanced $22.2 million in general obligation bonds, which according to a press release from the district will save property owners approximately $3.1 million in lower tax payments.

District voters authorized the sale of up to $194 million of general obligation bonds on Nov. 4, 2014, to address needs for technology upgrades, facility renovation and new construction for district schools. Since then, the district has sold all of their bonds from the 2014 election.

Source: Vacaville School District refinances bonds, saves taxpayers more than $3 million