The Mendocino-Lake Community College District has refinanced a portion of its existing general obligation bonds, creating a savings of $12.7 million dollars for district residents. The district had in 2015 refinanced bonds, saving taxpayers over $36 million. The combined savings will be realized in lower property tax bills for residents. Before the bond sale, the district received an upgraded credit rating from Moody’s Investors Service, indicating solid growth in the district’s tax base, steadily improving and strong reserves, and prudent fiscal management.