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Bond refinance projected to save nearly $1 million
Caledonia — The Board of Education recently approved the refinancing of $10.5 million in bonds from the district’s 2016 bond issue, resulting in significant savings for local taxpayers. The refinancing is projected to save more than $830,000 through 2032 — the remaining life of the bonds — representing a 7.49% savings in net present value. With the bonds reaching their callable status after 10 years, the district was able to act on favorable mar…
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Bond refinance projected to save nearly $1 million
Caledonia — The Board of Education recently approved the refinancing of $10.5 million in bonds from the district’s 2016 bond issue, resulting in significant savings for local taxpayers. The refinancing is projected to save more than $830,000 through 2032 — the remaining life of the bonds — representing a 7.49% savings in net present value. With the bonds reaching their callable status after 10 years, the district was able to act on favorable mar…
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