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  • Bond refinancing expected to save taxpayers nearly $1M

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    September 10, 2020

    CALIPATRIA — The recent refinancing of $6.45 million in general obligation bond debt is expected to save Calipatria Unified School District property owners $920,000 in tax payments over the course of the remaining life of the bonds.

    The transaction closed Sept. 3 and locked in an interest rate on the refinanced debt that is about half of what it was previously, according to Superintendent Doug Kline.

     
    Contact:
    Tom Bodus, Editor in Chief, IV Press
    tbodus@ivpressonline.com