Lake Dallas school board approves refinancing bonds

Comments () A Text Size

The Lake Dallas school district recently finalized refinancing a portion of its bonds from its 2002 and 2004 series at a lower interest rate and saving taxpayer money.

At a school board meeting March 18, Wes Eversole, the district’s deputy superintendent and chief financial officer, told members the bonds sold Feb. 27 at an interest rate of a little more than 2 percent. The district intends to save $3.2 million over the course of 24 years and about $131,000 annually as a result of the transaction, he said.

It’s expected the district will begin accruing the savings next school year, according to district officials.

— Britney Tabor


Comments is now using Facebook Comments. To post a comment, log into Facebook and then add your comment below. Your comment is subject to Facebook's Privacy Policy and Terms of Service on data use. If you don't want your comment to appear on Facebook, uncheck the 'Post to Facebook' box. To find out more, read the FAQ .
Copyright 2011 Denton Record-Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.