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May 16, 2022

1/17/2022 12:01:00 PM
Low-interest borrowing will save district $2.5 million
Finding a lower-than-expected interest rate to pay for upcoming maintenance projects, Stewartville school officials are pleased they'll save district taxpayers a substantial amount of money.
Shelby McQuay, senior municipal advisor for Ehlers Public Finance Advisors, told the School Board last week FHN Financial Capital Markets of Memphis, Tennessee will finance $30,525,000 in general obligation facilities maintenance bonds at 1.7644 percent interest, an amount that will save School District taxpayers about $2.5 million in interest payments from 2023 through 2040...
For more on this story pick up your copy of the Jan. 18 Stewartville STAR.





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