(San Diego, CA) - The Poway Unified School District (PUSD) is pleased to announce the successful completion of two recent bond refunding sales that will generate significant savings for local taxpayers. Through the refinancing of bonds originally issued in 2015, a total of 4,848 homeowners in the 4S Ranch and Del Sur neighborhoods will collectively save more than $21 million in gross savings.
The savings will allow the district to end the special tax payments for 4,848 households years earlier than originally planned.
- Community Facilities District 6 (4S Ranch): Families will save $3.6 million. Payments are expected to end as early as 2030, nearly a decade sooner than originally scheduled.
- Community Facilities District 14 (Del Sur): Families will save $17.4 million. Payments are expected to end as early as 2032, nearly 20 years sooner than planned.
The District took advantage of its strong financial standing to market the bonds. National credit rating agency S&P Global Ratings awarded the bonds high ratings of AA+ and AA. High demand among confident investors allowed the District to secure lower interest rates, savings that will go directly back to families.
The refinancing is part of the Special Tax Reduction Plan developed by the District's finance team. Since the PUSD Board of Education approved the plan in 2020, the District has generated over $1.2 billion in savings to taxpayers through similar transactions.
“Saving tax dollars is the responsible thing to do,” said Eric Dill, Associate Superintendent of Business Support Services. “By refinancing at a lower cost, we’re not only saving families money, but also shortening the amount of time they’ll be making these special tax payments. This is a big win for our taxpayers.”
The refinancing details will be shared at the upcoming Board of Education meeting on Thursday, September 11, 2025.