Oregon-Davis taxpayers will be noticing a reduction in their future bills because of action taken by the school board Monday.
“We approved the resolution to finalize the refinancing of our existing debt,” explained Superintendent Dr. Steve Disney. “What that means is that the previous debt from 2002 was at 5%, and with refinancing that goes down to 2.3%. We’ve been working on this for about nine months and this will mean a one million dollar savings to the taxpayers. It will knock about four cents off the property tax rate in 2013.”