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Bellefontaine City Schools Treasurer Keith Krieger announced this week the April 11 sale of $4.225 million in bonds to refinance the final portion of the district’s Build America Bonds.
With this refunding, the district will realize reduced debt payments of more than $550,000 over the life of the bonds, which originally were issued in 2010 for the construction of the new elementary and middle schools.
In addition, the refunding plan began in 2014 with the refinancing a portion of the district’s 2010 Build America Bonds and 2005 bonds. The combined savings for the 2014 refunding and the most recent refunding totals $1.135 million, according to a release.
The savings will benefit taxpayers over the remaining life of the bonds through slightly reduced tax levies related to the bonds supported with property taxes.
Read complete story in Thursday’s Examiner.
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