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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.

    Tom Bodus, Editor in Chief, IV Press