On October 8, 2025 the District completed a refinancing of its 2015 bonds for taxpayer savings. Through this refinancing the District achieved total savings of $477,889 and a reduction of interest rates from 3.60% to 3.00%. Contributing to this successful refinancing, the District achieved an upgrade of its credit rating from Standard & Poor’s from A+ to AA-. This credit rating upgrade recognizes strong cash reserves, excellent fiscal management, recent property value growth and modest debt burden. All savings achieved by the District on the refunding will result in lower taxes for District residents over the remaining life of the bond issue, which is December 1, 2035.
Financial News
October 9, 2025