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Bond refunding goes well

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news Rosemount, 55024
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.

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

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