Board Refinancing Saves the District Money

During the September 8th Board of Education meeting, the Board voted to refinance a series of bonds with an anticipated savings of approximately $300,000 to the district. The market has been favorable for refinancing. In August the Board voted to refinance another series of bonds in hopes of saving $1.4 million. Once it was finalized, it came in better than anticipated, saving the district more than $1.6 million.