Loading…
Friday, August 29, 2014
Current Weather
Loading Current Weather....
Published: Monday, 5/19/2014

Port Clinton schools tout bond savings

BLADE STAFF

PORT CLINTON — Port Clinton City Schools’ officials said a recent refinancing of its bonds used to build and renovate several of its schools will save around $1 million in debt-servicing costs.

The bonds were for work on Bataan Memorial, Port Clinton Middle, and Port Clinton High schools. The refinancing of about $24 million in debt was through traditional tax-exempt bonds.

School officials said the refinancing will allow the millage rate for debt to be reduced each year over the next 27 years. Property owners will see a decrease starting next year.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.