District saving more than $405,000 by refinancing bonds
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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.
