CENTRAL SCHOOL DISTRICT OFFICIALS SAY THEY CAN SAVE 450-THOUSAND DOLLARS BY REFINANCING THE BOND DEBT.
CENTRAL SCHOOL DISTRICT OFFICIALS SAY THEY CAN SAVE 450-THOUSAND DOLLARS BY REFINANCING THE BOND DEBT. The savings come in the form of accumulated interest which won’t have to be paid. Bonds from 2011 and 2014 would be combined into one worth 8-pt-3 million dollars. It would be called Series 2016. The 2014 bond paved the way for several capital improvement projects as the Central School District deals with a growing student population. The money was used for a library media center, remodeling a school kitchen, building an office complex and creating a secure entryway at Central Elementary. It also paid for a new industrial arts building and the addition of a classroom at the middle school. The earlier bond paid for a new gymnasium and classroom additions, again, at the rapidly growing elementary school. The new interest rate will be 1-pt-79 percent. The district is currently paying 2-pt-89 percent. I