The Mountain Home School Board, during a special meeting Thursday night, approved a resolution to move forward with refinancing some bonds that could save the district over $2 million. Superintendent Dr. Jake Long says the district plans to refinance bonds originally issued in 2009 and refinanced in 2013 and could see $2.4 million in savings, if interest rates stay close to the same the rest of the year.
Listen:
Listen:
right-click to download mp3
Long explains why they are starting the process now even though the bonds aren’t eligible to be refinanced until December.
Listen:
The bonds were originally issued in 2009 for $41 million for several projects, the largest of which was the construction of Hackler Intermediate School. The bonds were refinanced in 2013, saving the school district $2.5 million.
WebReadyTM Powered by WireReady® NSI