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January 28, 2013 9:01:17 PM

D. 202 OKs selling refunding bonds to save $758,000

District 202 will re-fund about $10 million in general obligation bonds to save taxpayers an estimated $758,000

The Board of Education at its January 28, 2013 regular meeting approved issuing $9,935,000 in bonds to refinance general obligation bonds from 2005.

This refunding is expected to save about $758,000 over the next 12 years because of the current lower interest rates.

District 202 has re-funded numerous bonds in recent years to save potentially several millions of dollars.

 

 





  
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