Bond Refinancing Saves Taxpayers Another $425,000

Bethel School District’s reputation for being a good steward of taxpayer dollars has been proven again.

The District has refinanced its bonds, further reducing the debt for taxpayers by another $425,000.

This is the 4th time in the last 10 years the District has taken advantage of attractive interest rates to lower its bonded debt.

The combined refinancing over the last decade has saved Bethel taxpayers close to $4.5 million.

Similar to restructuring a mortgage on a home loan, refinancing a portion of the District’s outstanding bonds at lower interest rates means the bonded debts will be paid off quicker and cost less in interest.