Santa Barbara Unified School District
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This page was last updated on April 23, 2009.

News

Thursday, April 23, 2009

Taxpayers to Receive Refund From General Obligation Bonds

On April 14, 2009, the districts’ board of education approved “Resolution Authorizing the Use of the Call Provisions Inserted in the 2007 Refunding of the Measure V and Measure I98 General Obligation Bonds.” In doing so, the districts will use savings of $950,510.75 in the elementary district, and $1,999,339.30 in the high school district, respectively, from refinancing the bonds at a lower interest rate to benefit taxpayers by paying off existing debt early.