School district refinances bonds
Wednesday, April 4, 2012
The California R-I School District has completed the task of refinancing a portion of the schools bonds.
According to Superintendent Dwight Sanders, the district worked with L.J. Hart and Company to refinance $4.4 million of Missouri general obligation bonds. By doing this, the district has saved $1.033 million as well as shortening the final maturity by five years.
In the last seven years, the district engaged in three separate incidents of refinancing bonds. A total interest amount of $1.845 million.