Comments on: School board refinances bonds, streamlines staffing http://www.davisenterprise.com/local-news/schools-news/school-board-refinances-bonds-streamlines-staffing/ Yolo County, California Thu, 16 Apr 2015 17:11:01 -0700 hourly 1 http://wordpress.org/?v=4.0.1 By: Rich Rifkin http://www.davisenterprise.com/local-news/schools-news/school-board-refinances-bonds-streamlines-staffing/comment-page-1/#comment-25043 Sun, 10 Jul 2011 04:01:06 +0000 http://www.davisenterprise.com/?p=61736#comment-25043 “… the school district was advised … to refinance the remaining $9.87 million in outstanding principal. The district was paying an average of 4.8 percent interest and can refinance to 3.7 percent.”

It’s interesting how much LOWER the interest rates are that the school district is paying compared with the Davis Redevelopment Agency. On March 1 the DRDA sold a tax-exempt bond (grade A+) for $13,310,000. The interest rate on that bond is 7.25%. The same day the DRDA sold a taxable bond (A+) for $4,690,000. The interest rate on that bond is 8.65%.

http://media.sacbee.com/smedia/2011/03/11/17/Redevelopment_Agency_Bond_Sales_01-01-11_through_03-08-11.source.prod_affiliate.4.pdf

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