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District weighs parcel-tax options and bond refinancing that could save taxpayers millions
Summary
Municipal adviser Dale Scott briefed the board on parcel-tax strategies and a possible refinancing of 2018 Series A bonds that could yield an estimated $2.5 million to $5 million in taxpayer savings; the board approved resolutions permitting issuance of additional series B bonds and refunding bonds.
The Cabrillo Unified School District received a detailed briefing March 12 on options for parcel taxes and bond refinancing that, if pursued, could lower debt-service costs for local taxpayers.
Dale Scott, the district's municipal adviser, told the governing board that voter approval patterns favor extensions or replacements of existing parcel taxes compared with new measures, and recommended the district start survey research now if it wants to place a replacement or extension on the November 2026 ballot. Scott said extensions have an approximately 85% passage rate in the region versus…
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