Brentwood School District Refinances Bonds, Saving Taxpayers Over $1 Million

The district took advantage of lower interest rates to refinance $20 million in general obligation bonds approved by voters in 2016.

Apr. 10, 2026 at 9:34pm

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A vibrant abstract illustration featuring overlapping triangles and rectangles in shades of blue, green, and yellow, conceptually representing the financial savings and efficient use of public funds by the Brentwood school district.Brentwood school district's bond refinancing saves local taxpayers over $1 million through strategic financial management.Brentwood Today

The Brentwood Union School District has refinanced $20 million in general obligation bonds approved by voters in 2016, saving taxpayers over $1.5 million. The district was able to refinance the bonds at lower interest rates ranging from 2.5% to 4.12%, compared to the original 4% to 5% rates. This move will save the community money without extending the original term of the borrowing.

Why it matters

The bond measure approved by Brentwood voters in 2016 has enabled the district to make important upgrades and expansions to school facilities, including improving safety and security, expanding classroom technology, and building a new elementary school. By refinancing the bonds at lower interest rates, the district is able to maximize the value of the community's investment and provide additional savings to taxpayers.

The details

The Brentwood Union School District sold the first series of Measure B bonds in December 2016 at interest rates ranging from 4% to 5%. With lower interest rates now available, the district has refinanced these $20 million in bonds at new rates ranging from 2.5% to 4.12%. This move will save taxpayers approximately $1.52 million without extending the original term of the borrowing.

  • The $158 million Measure B bond was authorized by Brentwood voters in 2016.
  • The district sold the first series of Measure B bonds in December 2016 at interest rates of 4% to 5%.
  • The district refinanced the $20 million in bonds earlier this year to take advantage of lower interest rates.

The players

Brentwood Union School District

The public school district serving the city of Brentwood, California, which passed a $158 million bond measure in 2016 to fund facility upgrades and expansions.

Dana Eaton

The superintendent of the Brentwood Union School District.

Scott Dudek

The president of the Brentwood Union School District's board of trustees.

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What they’re saying

“Our school board remains committed to saving taxpayers money whenever possible. We take our responsibility as stewards of public funds seriously and are dedicated to using our community's resources wisely.”

— Dana Eaton, Superintendent, Brentwood Union School District

“With interest rates lower than when we first sold bonds, we took advantage of the opportunity to save our community money.”

— Scott Dudek, Board President, Brentwood Union School District

What’s next

The district plans to continue using the savings from the bond refinancing to support ongoing facility improvements and upgrades across the Brentwood school system.

The takeaway

By refinancing the Measure B bonds at lower interest rates, the Brentwood Union School District is able to maximize the value of the community's investment and provide additional financial relief to local taxpayers. This demonstrates the district's commitment to fiscal responsibility and using public funds wisely to support high-quality education.