South Washington County Schools

Bond refunding saves District 833 taxpayers $4.7 million

District 833 Director of Finance Dan Pyan and Ehlers Financial Advisor Jodie Zesbaugh presented positive financial information to the District 833 School Board at their meeting on Sept. 15. The information presented an overview of the district’s General Obligation School Building and Alternative Facilities Refunding Bonds, Series 2016E with remaining obligations of $37,680,000 being refunded (refinanced) at lower interest rates. The purpose of the refunding is to reduce future debt service payments and tax levies, and this refunding will reduce taxpayer costs by more than $4.7 million over fiscal years 2019 through 2027.