Super savings

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Local News

June 11, 2019 - 10:48 AM

Steve Shogren with George K. Baum & Company. FILE

An unexpected low bond rate will save USD 257 taxpayers about $8.6 million in interest to build a new elementary school and make other improvements.

School board members learned the results from the sale of $35.3 million in bonds Monday, after taxpayers voted in April to build a new elementary school for $25.5 million, a new science and technology building at the high school for $7 million and replacing heating, ventilation and cooling systems at the middle school for $2.8 million.

The winning bid came from Robert W. Baird & Co., Inc., which offered a total interest rate of 3.09456% over the lifetime of the 30-year bonds.

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