MFISD bond refinance to save millions for local taxpayers
Submitted by highlander1 on
The Marble Falls Independent School District (MFISD) Board of Trustees at their meeting Monday, Feb. 15, authorized district leaders to proceed with the refinancing of a portion of the Series 2006 bonds and the remaining outstanding Series 2007A bonds in an effort to take advance of lower interest rates and savings to taxpayers.
“The refinancing of outstanding bonds is similar to a homeowner refinancing the original interest rate on their mortgage to reduce their house payment,” said Lisa LeMon, MFISD executive director of finance. “This authorization represents the third phase of a refunding program that MFISD began in 2014 to achieve interest cost savings.”
For more on this story, see The Highlander on Friday, Feb. 19.
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