News Headlines Article

Truckee hospital refinances Measure C to save more than $5 million
Tahoe Daily Tribune

Tahoe Forest Hospital District recently refinanced its Measure C general obligation bonds, which was approved by voters in 2006.

The move resulted in a total net savings of $5.1 84 million, or roughly $215,000 annually, according to a press release from the hospital.

“This savings will be directly passed on to TFHD taxpayers through lower annual property tax assessments,” officials said.

Refinancing does not extend the length of the original bond term, which will be paid off as originally scheduled.