Murrieta Financing Authority special tax revenue bonds rating upgraded to A+ by S&P Global Ratings in connection with its $29.075m bond sale

MURRIETA – The city of Murrieta announced that Thursday, May 12, the Murrieta Financing Authority sold $29.075 million of local agency revenue refunding bonds. The proceeds from the bonds were used to refund five outstanding series of bonds issued by community facilities districts located in Murrieta. By taking advantage of the historically low interest rates at the time of sale, the city locked in over $11 million in gross cash flow savings. This process did not extend the length of the bonds, nor did it cost Murrieta any general fund monies.Property owners within those CFDs will realize average annual savings ranging between $337 and $605 per parcel per year starting with their fiscal year 2022-2023 property tax bills. The CFDs included: CFD No. 2000-1 for Greer Ranch; CFD No. 200
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