CARTHAGE, MO.--- Carthage R-9 School Board members approved a resolution last night dealing with 24 million dollars worth of school bonds.
Those date back to 2006 and a bond issue to build a new high school. Board members expect to save about $3 million.
"With the lower interest rates and the way the economy is going, this is the perfect opportunity to save money by refinancing," said Dr. Mark Baker, Carthage R-9 Assistant Superintendent.
The approval at the last night's meeting allows the board to begin the refinancing process. How much interest rates fluctuate in the next 2 months will determine the exact amount the school district will save. The board will take a final vote during their April meeting.
"With the lower interest rates and the way the economy is going, this is the perfect opportunity to save money by refinancing," said Dr. Mark Baker, Carthage R-9 Assistant Superintendent.
The approval at the last night's meeting allows the board to begin the refinancing process. How much interest rates fluctuate in the next 2 months will determine the exact amount the school district will save. The board will take a final vote during their April meeting.
