PRESS RELEASE / ANNOUNCEMENTS Tuesday, December 23, 2014

Measure V2000 General Obligation Bond

Just as a homeowner would take advantage of low interest rates by refinancing their home, the Santa Barbara Unified School District has made a decision that accomplishes much the same outcome as it relates to a general obligation bond.

In early December, our school district refinanced a portion of its Measure V2000 general obligation bond. The outcome of this sale reduced the gross debt service to taxpayers by approximately $2.39 million.

The Santa Barbara Unified School District continues to do its due diligence in serving our community’s taxpayers.

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