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Edison bond rates save taxpayer dollars

Last night school board members approved Resolution #2-2007, Award of bond bids to fund the Edison construction project.

The district sold bonds to fund the Edison construction project at a fixed interest rate just over four percent, which means Walla Walla taxpayers will pay less than originally projected to fund the project.

A low interest rate also mean the bonds will be repaid in 11 years -- two years earlier than projected during the time of the bond election, according to Business Manager Aron Rauschs report.

Funds will be available to the district May 1.
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WALLA WALLA PUBLIC SCHOOLS • 364 South Park St. • Walla Walla, WA 99362 • Phone: 509-527-3000 • Fax: 509.529.7713

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