This savings estimate is based on current projections and could change. The district will only make the move to refinance if rates are favorable.
The TISD board of trustees on Monday authorized the district superintendent, interim superintendent and chief financial officer to execute the final pricing documents if the parameters are met for savings.
Chief Financial Officer
The funds involved will be
The district will not refinance all of the bonds that it could because more than
Because of that, the district will leave that amount untouched so it can reserve the right to call those bonds in early and pay them off.
Ms. Bjork said the school district typically refinances its bonds at least every other year when the market is favorable.
"It reduces what we have to pay in the future in interest, so I mean it saves money in the long run," Ms. Bjork said.
She said past decisions to refinance and pay off debt early allowed the district to add the debt from its most recent
The district owes about
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