Quincy school board approves re-financing plan

Posted: 01.30.2012 at 10:51 PM

The Quincy Journal reports that the Quincy School Board unanimously approved a re-financing plan that should save the district 636 thousand dollars.
QUINCY, IL. --
Nearly $11.5 million worth of general obligation bonds will be refinanced.

Along with a district's improved bond rating, an official with Bernardi Securities told the Board that the interest rate on the bonds will drop from 5.24 percent to 3.42 percent.

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