Saving Money Through Refunding of Bonds

At its meeting on October 18, 2010, The Midlothian ISD School Board voted to refund some of its bonds (1999, 2002, and 2004). The District’s financial advisor reported that the district could save at least $3 million by taking advantage of lower interest rates.

The good news is that the interest rate came in lower than expected so the total savings for the district will be $4,695,827. This will be officially reported to the Board at its meeting on November 15, 2010.


About drjstewart

Christian, husband, father, educator, writer, and photographer.
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