News Headlines Article

Tahoe Forest Hospital District refinances Measure C Series B bonds
Sierra Sun

Tahoe Forest Hospital District successfully refinanced its Measure C, Election of 2007, Series B (2010) general obligation bonds yesterday on April 7, resulting in a net savings of $10.6 million — roughly $424,000 annually over the next 25 years.

This savings will be directly passed on to district taxpayers through lower annual property tax assessments. The refinancing of these bonds does not extend the length of the original bond term, which will be paid off as originally scheduled.

The district completed the Series A General Obligation Bond refinance in March of 2015 that resulted in net savings of $5.1 million.