Los Altos School District Saves Local Taxpayers More Than $2.5 Million Dollars
The Los Altos School District on January 16, 2013, successfully refinanced existing general
obligation bonds, resulting in approximately $2.7 million in total savings to its taxpayers over
the next 10 years. The District borrowed money at today’s lower interest rates to pay off
bonds that carried higher interest rates. All of the savings from the refinancing will be passed on to District taxpayers in the form of slightly lower property tax assessments.
obligation bonds, resulting in approximately $2.7 million in total savings to its taxpayers over
the next 10 years. The District borrowed money at today’s lower interest rates to pay off
bonds that carried higher interest rates. All of the savings from the refinancing will be passed on to District taxpayers in the form of slightly lower property tax assessments.
Read the full press release here.