8 refundings

The Bond Buyer

Keeley Webster

August 24

San Diego is getting the most value out of every tax dollar, says Mayor Kevin Faulconer. The city has conducted eight refundings involving over $2.15 billion in bonds since Faulconer took office in 2015, for a total nominal savings of $460 million on debt maturing from 2024 to 2034. "By taking advantage of low interest rates, we're paying millions less in debt and can use those dollars in future budgets for top priorities such as streets, parks and neighborhood improvements," says Faulconer.

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