What is a General Obligation Bond Refunding?
/School and community college districts may refinance outstanding bonds for taxpayer savings through a general obligation bond refunding. Savings are achieved by replacing higher interest rate bonds with lower interest rate bonds. The lower interest rates reduce annual debt service, which translates to lower tax rates for a district’s taxpayers.
For more information, please contact us or click here for bond refinancing considerations previously shared by Keygent’s Chet Wang.