Covina-Valley Unified Delivers More Than $1.4 Million in Savings to Local Taxpayers
Covina-Valley Unified School District has successfully refinanced a portion of its General Obligation bonds, securing lower interest rates that will generate more than $1.6 million in total debt service savings and approximately $1.4 million in net savings for local taxpayers. Under the leadership of the Board of Education, Covina-Valley Unified refinanced the bonds to take advantage of favorable interest rates in 2026. The refinancing reduced the interest rate on the refunded bonds from 4.26% to 3.19%.
