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New interest rate saves us $500,000

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By securing a new interest rate on one of its future debt accounts, Alexandria District 206 School Board has saved taxpayers about $500,000.


During Monday night's school board meeting, the board approved "Refunding of 2008 Debt Issuance" to cover the district's future debt service of $6.3 million.

The new interest rate approved came in at 3.19 percent, compared to the old interest rate of 6.87 percent.

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Amy Chaffins
Amy Chaffins is a journalist working for the Echo Press newspaper. After graduating from St. Cloud State University, Amy’s first job was at KSAX-TV working as an anchor and reporter. From 2003-2010, Amy worked as an editor and reporter for the Pope County Tribune and Starbuck Times newspapers. During her journalism career, Amy earned writing and photography awards from the Associated Press, Minnesota Newspaper Association and Society of Professional Journalists. Amy and her husband, Brandon, live in Alexandria and together write “He Sez, She Sez,” a humor column in the local women’s magazine, Chicz
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