Proposition M Bond Refinance a huge success
March 27, 2014 (La Mesa) -- The La Mesa-Spring Valley School District was able to refinance a portion of the Proposition M General Obligation Bonds saving $650,000. Much like a homeowner can refinance a home loan to obtain a better interest rate and lower their monthly mortgage payment a school district can refinance its bonds for a better rate and lower the bond cost to all property tax payers.
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