Supervisors revise tax rate for BUSD bonds

The San Diego County Board of Supervisors corrected the tax rate for the Bonsall Union School District’s general obligation bonds.

The supervisors’ 4-0 vote September 28, with Ron Roberts in Washington, DC, adopts a revised tax rate of 0.01811 percent for Fiscal Year 2010-11 for the school district’s Series 2005 general obligation bonds.

If a school district or special district’s voters approve a general obligation bond, the district is authorized to issue up to the approved amount and the bond’s principal and interest is repaid by additional property taxes on land within that district. The to...