School System Saves $1.9 Million
The Douglas County School System completed a transaction on March 15 through the sale of 2012 refunding bonds.
The Douglas County School System completed a transaction on March 15, that refunded (refinanced) $28,310,000 of the bonds approved by the voters in 2005 to construct new schools, make additions and renovations to existing educational facilities and acquire and install new instructional, safety and transportation equipment for all educational facilities. This transaction authorized by the Douglas County Board of Education will save the property owners in Douglas County approximately $1,900,000 in interest over the next eight years. “The Board of Education is always aware of the responsibility to be good stewards of public dollars while providing a quality education for all students,” said Board Chair Janet Kelley. “This opportunity to save …
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