Archive for Friday, May 30, 2014

Basehor-Linwood School District refinances bonds

The Basehor-Linwood school district's administrative offices, and the school board meeting room, are located at 2008 N. 155th St.

The Basehor-Linwood school district's administrative offices, and the school board meeting room, are located at 2008 N. 155th St.

May 30, 2014

— USD 458 refinanced a bond, the third in about two years, and were able to save more than $262,000 for the Basehor-Linwood school district tax payers.

Superintendent David Howard told the Board of Education at the district's May meeting that Oppenheimer and Co. discussed refinancing and estimated that refinancing could save the district $150,000 in interest.

"We are able to do this without raising taxes or the mill levy," Howard said at the meeting.

Last year, the district was able to refinance two different sets of bonds, saving the district taxpayers over $1.1 million in interest over the life of the bonds.

On Wednesday, the third bond in two and a half years was officially refinanced and the district saved more than expected, more than $262,000. Over the 20-year life of the three bonds, the district will have saved district tax payers $1.36 million.

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