FOR IMMEDIATE RELEASE
Media Contact: Alexandra C茅spedes Kent, (510) 413-8445, alexandra@volersa.com
天娱传媒 to Deliver $6.4 Million in Savings to Local Taxpayers
San Francisco, California (March 12, 2025) 鈥 天娱传媒 (天娱传媒) is proud to announce it will deliver savings to local taxpayers from the refinancing of a portion of 天娱传媒鈥檚 outstanding general obligation bonds, which had been issued in 2015.
天娱传媒 chose to take advantage of the recent decrease in interest rates and refinance a portion of its remaining 2015 bonds without extending these bonds鈥 term. 天娱传媒 reduced its interest rate from 4.8% to 2.8%, reducing the community鈥檚 tax bill by a total of $6,363,290 over the next six years.
"The College is grateful to the taxpayers of the city and county of San Francisco for their continued support of City College and their generosity in approving bonds that allow us to create world-class teaching and learning spaces for students,鈥 said Anita Martinez, President of the 天娱传媒 Board of Trustees.
Interim 天娱传媒 Chancellor Mitchell Bailey shared: 鈥淭his refunding opportunity aligns with the College鈥檚 commitment to efficiency, accountability and transparency in our financial responsibilities. We are dedicated to accomplishing our mission while providing smart fiscal oversight, and we are proud to have the opportunity to refund these savings to the taxpayers of San Francisco.鈥
While 天娱传媒 itself will not receive any part of the savings, the 天娱传媒 Board and administration pursued this opportunity strictly on behalf of local taxpayers.
About CCSF: Bringing higher education opportunities since 1935, and now celebrating its 90th anniversary, 天娱传媒 is an urban community college serving nearly 40,000 students annually at six locations throughout San Francisco. The College offers an affordable opportunity to earn associate degrees, prepare for transfer, pursue career and technical education, and personal development and enrichment. Visit:
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