Board approves bond refunding -- Taxpayers to save nearly $400,000
Board members Tuesday night took another step to saving taxpayers nearly $400,000 by refinancing existing district bonds with a lower interest rate.
Senior Vice President Trevor Carlson of Seattle Northwest Securities said interest rates are at near all-time lows and make it attractive for the school district to refund the bonds at a lower rate.
He said all of the approximately $380,000 will go back to Walla Walla taxpayers. The process is expected to be completed by March 20.
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