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(KNZA)--The Prairie Hills Board of Education has approved a resolution authorizing the refinancing of bonds issued in 2009 by the former USD 441.
Steve Shogren with George K. Baum and Company presented two options for refinancing to the Board Monday evening that would ultimately save taxpayers money through the life of the bonds.
Superintendent Todd Evans says the Board voted to go with a tail-end savings option.
The current bond issue called for the bonds to be paid off by 2029. Under the new proposal, Evans says the bond will be paid off in 2026—three years early.
Evans says by taking advantage of reduced interest rates, taxpayers in the former USD 441 would experience an estimated present day savings of $719,000.
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