Newstalk KBKW

School Administrators Look Into Refinance of Bonds

ABERDEEN, Wash. – School Administrators in Aberdeen are looking into refinancing bonds, D A Davidson Senior VP Jon Gores explained with lower interest rates, the district could save the taxpayers almost $1 million in interest.
School Superintendent Tom Opstad said it’s worth looking into “it’s going to be a small amount to the individual tax payer, but collectively, saving a million dollars for the taxpayers and the school district is worth considering.”
The two bonds hit their halfway point in 2013 and 2014, key dates for both 20 year bonds, the school board approved a resolution to plan the refinance at their meeting Tuesday night.

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