New interest rate saves us $500,000
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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