•January 10, 2018•

By Mike Brothers

A bond issue refinancing $492,300 of Sullivan Unit 300 debt should save district taxpayers $137,000 Supt. Ted Walk told school board members at the January 8 meeting.

Tim King of Kings Financial Consulting of Monticello explained the issue of $492,300 Taxable General Obligation Refunding School Bonds would pay down the district debt one year early for the $137,000 savings.

King noted since the district is purchasing the bonds from the education fund they will also earn interest on the payback.      Login or Subscribe to read the rest of this story.