Fiscal responsibility and good stewardship of public monies are critical to the continued strength of the Berkeley Unified School District. Several factors, including the district’s improved credit rating, access to federal subsidies for construction bond interest, and lower interest rates by refinancing, have helped us garner savings for local property taxpayers. It is estimated that the new, lower rates and subsidies will reduce expense to taxpayers by at least $17 million dollars over the life of the 2003, 2004, and 2011 bonds.
