College Of Marin Nets Over $12M In Savings For Taxpayers

NOVATO, CA — After refinancing its 2020 General Obligation Refunding Bonds, the College of Marin netted over $12 million in savings for taxpayers.

According to a news release, the community college refinanced a $127.7 million bond for 2020 earlier this month. Since 2012, it has saved over $34 million after refinancing various bonds. The college said it had received the highest possible credit rating from Moody’s Investors Service.

“Just as our community continues to support us, we take seriously our responsibility to Marin taxpayers,” said College of Marin Superintendent/President David Wain Coon in the news release. “Being a good fiscal steward includes remaining cognizant of market conditions and acting when there’s an opportunity to lower the taxpayer’s burden.”