Tax Cut for Burlington

If you live in the Burlington School District, you might be getting some good news about your property taxes in the coming years. The BESD Finance Director was able to refinance $1.4 million in bonds to an average rate of just over 1%. This should save tax payers $173,000 over the next five years. The change was described in the Skagit Valley Hearld by the Director this way: “This is a direct savings to our community members in the form of taxes they expected but will not have to pay.”

I wouldn’t expect a huge savings for each tax payer, but hopefully you’ll see SOME savings.  Good job BESD. Perhaps other districts should give this a try.