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

Educator, writer, and photographer
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s