EL MONTE, Calif. – The Mountain View School District (MVSD) has secured approximately $1.7 million in savings for local taxpayers by refinancing a portion of its voter-approved school bond at a lower interest rate.
The District acted during favorable market conditions to reduce long-term borrowing costs without affecting any planned school improvement projects. These savings will be realized over time, meaning residents will ultimately pay less than originally projected.
The refinancing process included a multi-week financial review and presentations to national credit rating agencies. MVSD once again earned the highest credit rating for a district of its size, helping secure more favorable terms. “This reflects our commitment to strong financial stewardship and accountability to our community,” said Dr. Darrin De Knikker, Associate Superintendent of Business Services and Strategic Planning.
Founded in 1868, MVSD has served the community for nearly 160 years and has passed only two school bond measures—Measure SS (2016) and Measure M (2020)—demonstrating a careful and community-driven approach to school funding. Bond-funded improvements have focused on:
- Critical infrastructure upgrades (roofing, utilities, safety systems, ADA compliance)
- Enhanced safety and technology (secure entrances, connectivity, electrical upgrades)
- Modern learning environments (HVAC systems, libraries, science labs, playgrounds)
Measure M continues this work by improving school safety, accessibility, and modernizing classrooms and facilities. All bond funds remain local and undergo annual audits.
The $1.7 million in savings will be realized over time through reduced bond repayment costs, reinforcing MVSD’s commitment to fiscal responsibility, transparency, and community trust.
