May 23, 2019District refinanced bonds, saving taxpayers $7.4 million in 10 yearsHigh credit ratings and lower interest rates benefit taxpayers over long-termOn May 22, 2019, Everett Public Schools sold a total of $62,935,000 of tax-exempt bonds,which will provide $49.7 million of funds to finance a portion of the bond projects approved byvoters in February 2018.
The refunding portion of the 2019 bond issue is the fifth such refunding the district has
completed since 2007.
The district has been
monitoring bond market conditions over the past six months, and recent low interest ratesallowed the district to exceed their savings target.
Standard and Poor’s Global Ra...
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