Taxpayers see savings after bond refinance
The School Board approved the refinancing of a General Obligation Alt Facility Bond that will result in $750,000 savings for district taxpayers, to be spread out over the next five levy cycles. John Toop, director of Business Services, reported that the new interest rate of .47% was much lower than they had anticipated.
Moody’s Investors Service reviewed the district credit standing in lieu of the bond refinancing and again awarded an Aaa underlying and Aa2 enhanced rating to Edina Public Schools. EPS is one of three districts in the state with an Aaa credit rating, the highest rating granted to school districts.
Other Highlights from the Oct. 12 School Board meeting include:
- Reports and discussion on a framework and data for use in making the decision to turn to a different learning model
- Early Learning Center report
Find details in the Agenda for the meeting. (Click the Bookmark icon on the far upper right of the PDF to navigate through the document.)
