A Christmas gift for taxpayers – low interest rates

Bond market ends year on a favorable note

The Las Virgenes Unified School District and the Las Virgenes Municipal Water District are refinancing and reissuing bonds at a lower interest rate in the hopes of cashing in on a savings for taxpayers.

On Dec. 7, the school district issued $43 million in Measure G general obligation bonds one year earlier than planned in order to take advantage of low interest rates and the low cost of construction.

The second issuance of the Measure G bonds will be used to complete ...

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