The Galt Joint Union Elementary School District recently completed the sale of $7.9 million in general obligation bonds to refinance bonds that voters approved in 2001.
Near historically low interest rates enabled the district to lower interest rates on bonds from 4 to 5 percent to 1.95 percent. The reduced interest rate translates to taxpayer savings of $1.4 million over the next 12 years, according to a press release.
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