A classroom in the Cosmetology Building, refurbished through Measure E bonds.

Business / Economy

Gavilan College bond refinance saves $3.5 million

This year, General Obligation Refunding Bonds (“2015 Refunding Bonds”) were issued to refinance the 2004 Series C Bonds of which $50 million were issued in 2007, saving taxpayers $3.5 million in the form of lower annual property tax assessments.