Weather Forecast

Close
Advertisement

Bond refunding goes well

Email Sign up for Breaking News Alerts
News Rosemount, 55024
Rosemount Town Pages
651-463-7730 customer support
Rosemount Minnesota P.O. Box 192 / 312 Oak St. 55024

A bond refunding approved Monday by the District 196 School Board will save district taxpayers $1.5 million over the next decade.

School board members voted at a March 21 workshop to give finance director Jeff Solomon permission to pursue the refunding. At that point, the estimate was that the move, a bit like refinancing a home mortgage, would save $1.3 million on taxes payable from 2015 to 2024. Interest rates improved some between that date and the date of the sale Monday, though.

Advertisement
Advertisement

The district first considered refunding the bonds last December but chose to wait.

Advertisement
Advertisement
Advertisement