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School board refinances bonds

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New interest rate will save over $70,000

By Kate Rash

The Harrison County School Board is taking advantage of low interest rates.

“Interest rates are real low right now,” Joe Nance, bond specialist for Ross, Sinclair & Associates, told the school board at its Tuesday evening meeting.

The refunding of school revenue bonds, at a new interest rate of 1.15 to 3.25 percent, would save the school district $6,400 per year for 11 years, Nance said.

The savings would total $70,405.

The previous interest rate for the set of bonds issued in 2001 was 4.7 to 5 percent.


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The Cynthiana Democrat | circulation@cynthianademocrat.com | 859-234-1035
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