tax payers

LA MESA=SPRING VALLEY DISTRICT SAVES PROPERTY OWNERS $650,000

 

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.