Eastern Pulaski Schools Anticipate Savings Through Bond Refinancing

 
 

During the Eastern Pulaski School Board meeting Monday evening, the board decided without any opposition to refinance the school’s pension bonds. Back in 2006, the state allowed schools to take out bonds to pay off their pension obligations, that money still needs to be repaid. With this resolution, the school will be taking advantage of lower interest rates to reduce the cost and still pay the bonds off in the same amount of time. Continue reading