The district's board of education approved a resolution on Tuesday to allow
Selling the new set of bonds will benefit the district by reducing the principal and the interest due over the life of the bonds, said the district's director of finance and operation,
Giron said savings from the refinancing of the bonds will benefit homeowners who live in the school district's boundaries because the move will slightly lower the property tax rate.
Savings could range from
"The savings achieved from the refunding of the bonds will lower the tax rate from what it would otherwise would be," Casey said.
Casey said the bond sale, combined with the improved price of natural gas, could cause in the current tax rate of
"This means that a taxpayer with a property valued at
The final savings amount will be presented to the board of education on
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