News

Refinanced school bond saving taxpayers money

Refinanced school bond saving taxpayers money

Photo: clipart.com

KGMI News Reporting
By Mike Curtiss

BELLINGHAM, Wash. – Bellingham Public Schools recently refinanced some of its bonds at a lower interest rate, saving taxpayers more than $2.4 million.

Ron Cowan with the school district says this is similar to what homeowners do when they refinance their mortgage at a lower interest rate.

 

The bonds from 2006 were used to build Wade King Elementary and Cordata Elementary Schools, and re-build Shuksan Middle School.

The new interest rate is slightly more than 2 percent.

Cowan says the district is “extremely grateful” to the community for their ongoing support of school bonds and levies, and the district will always look for ways to save money and spend wisely.

Recent Headlines

in Local

Train Oil Spill Not Reported to State Agencies

Fresh
oil tank

The spill was discovered at Cherry Point in Whatcom County

in Local

Fire Destroys Auto Shop

Fresh
red fire truck back

Shop, trucks, mobile home burned in weekend blaze

in Local

Bellingham Woman Missing

Fresh
missing

Anastasia Gordon didn't show up for work

in Local

Lawmakers here opposition and support for minimum wage bill

Fresh
pay day

The measure would raise the minimum wage to $12

in Local

Death Penalty Bill Introduced in State House

Updated
prison

Legislation would abolish capital punishment.