BUSD future facilities funding plan may include refinancing savings

In November 2005, the voters of the Bonsall Union School District authorized the issuance of $17 million of general obligation bonds for the repair and rehabilitation of Bonsall’s public schools and the construction and acquisition of classrooms and other facilities. The bonds were sold in 2006 and 2007, and the remaining principal and interest payments are being generated by a property tax assessment on Bonsall landowners.

The bond debt obligation was transferred from the Bonsall Union School District to the Bonsall Unified School District when the district transitioned from a K-8 elementary...