A refinancing of $36.2 million in bond monies from Measure V will save $8.7 million for taxpayers in the Santa Barbara Community College District, which stretches from Gaviota to Carpinteria. The $77.2 million bond was approved by voters in 2008. The last of several Measure V construction-improvement projects — new West Campus classrooms and offices to replace aging modular structures — is underway.
Bond Refinancing Will Save $8.7 Million
Measure V was approved in 2008.