AnonymousBy Lang Sligh, Vice-Chairman of the Citizen’s Bond Oversight Committee
On July 1, the Santa Barbara Unified School District successfully recast $51,755,000 in taxable general obligation school bonds. Because of the District’s excellent credit rating, the outstanding bonds, with a 5.03% interest rate, were “called in” and new replacement bonds were issued at a 2.05% rate. The resulting savings to local taxpayers over the remaining 18-year life of the bonds is $7,800,000.
We don’t always hear the good news, but this is good news indeed.
Awesome! Property tax refunds on the way!
Bond oversight business sure must be busy these days…How do I get involved in these scams. I wonder who owns the majority of these $51 million in bonds, I bet it is the teachers pension funds. Kinda like self administered IV drip to prevent a certain death.
Having worked for a local school district for 2 years, I am thrilled to see them get what they deserve.
Like I tell my 12 year old it takes a certain type of person to make money off of school children, and a special certain type of person when over 2/3 of the kids are barely legally here in the country!
Get ready Nancy has a plan to liberate us Parents from the tyranny of Public school Mafias…
First, there is no such thing as “barely here legally”. Secondly, your numbers are WAY off.