Posted inSchool Zone

Solvang Elementary School District Refinances Bonds to Save Money

Solvang Elementary School District, on Sept. 9, successfully refinanced about $2.37 million of its outstanding General Obligation Bonds, saving taxpayers some $557,000 over the remaining life of the bonds. Refunding bonds, which are similar in purpose to refinancing a home mortgage, pay off existing debt with funds borrowed at a lower interest cost. The lower […]

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