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 Entertainment

Today’s celebrity birthdays

Fresh
shaunwhite

Charlie Sheen, Shaun White, and LMFAO's Redfoo are among the stars celebrating today.

in Local Sports

Paxton takes shutout into 8th, Mariners stop A’s

Seattle Mariners starting pitcher James Paxton works against the Chicago White Sox during the third inning of a baseball game in Seattle on Saturday, Aug. 9, 2014.

James Paxton pitched shutout ball into the eighth inning.

in Sports

Reports: Broncos WR Welker suspended for 4 games

A football before the first half of an NFL preseason football game between the Green Bay Packers and the Seattle Seahawks Friday, Aug. 23, 2013, in Green Bay, Wis.

Wes Welker is facing a four-game suspension for violating the NFL's performance-enhancing drug policy, according to published reports.

in Sports

49ers’ Harbaugh won’t tolerate domestic violence

San Francisco 49ers' defensive tackle Ray McDonald (91) against the Dallas Cowboys in an NFL football game in San Francisco, Sunday, Sept. 18, 2011.

Jim Harbaugh gave stern comments about the topic Tuesday during his radio show on KNBR-AM, two days after 49ers defensive tackle Ray McDonald was arrested on felony domestic violence charges.

in Local Sports

Lynch has little to say ahead of Seahawks opener

Seattle Seahawks running back Marshawn Lynch, third from left, carries the ball on the final day of NFL football training camp, Wednesday, Aug. 13, 2014, in Renton, Wash.

Lynch spoke with the media for the first time this season on Tuesday.