Bond refunding saves school district $3.7 million

The school district said it issued new bonds at lower rates to retire outstanding bonds with higher rates.

The 21-year bond for $84,000,000 was passed by voters in 2008 for school improvements, renovations and construction, according to the school district. The money was used to fund the building and construction of Trebein Elementary School and Jacob Coy Middle School, the new Shaw Elementary gym, the addition of the district’s preschool and improvements made to other buildings in the district. SHARAHN BOYKIN

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