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Board approves two bond-refinancing resolutions expected to save taxpayers more than $6 million
Summary
The board adopted two resolutions allowing refinancing of portions of prior bond authorizations; district staff and financial advisers said restructuring may cause a small short-term tax-rate increase but yield substantial long-term savings estimated to exceed $6,000,000.
The Jefferson Union High School District board approved two resolutions to refinance portions of outstanding voter-approved bonds, a move the district said is expected to save taxpayers an estimated more than $6,000,000.
Deputy Superintendent Tina Van Rapphorst and financial adviser Joe Crump from Dale Scott’s office explained the…
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