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District saving more than $405,000 by refinancing bonds

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Call the Communications Office at (518) 695-3255, ext. 1245 for more information on this article.

january 13, 2012

Schuylerville Central School District will save $405,532 over the next 12 years by refinancing some of its outstanding bonds. The Board of Education approved the measure at its January 9, 2012 meeting.

The savings come in form of lower interest rates, and the fact that there are no fees for refinancing adds to the financial benefits. “This is a win-win situation for the district and for our taxpayers,” said Business Manager Wendy Morris.

The bonds were purchased primarily for the capital project work done in the year 2000.