TRLSD refinances bonds for taxpayer savings of $818,163
CLEVES – Three Rivers Schools recently secured new, lower interest rates to refinance the District's Series 2014 Bonds, resulting in significant savings of approximately $818,163 for homeowners and businesses in the District over the next 16 years. The bonds are set to mature on December 1, 2039.
It's important to note that these savings are returned directly to the taxpayers—not the District. This opportunity to refinance does not provide additional funds to Three Rivers Schools but instead lowers the interest costs that taxpayers will be responsible for over the life of the bonds. This outcome is a direct financial benefit to the community.
The Board of Education remains committed to being responsible stewards of public finances. This refinancing was pursued as a way to support taxpayers by giving money back to them, reflecting the Board's dedication to fiscal responsibility.
The Series 2014 Bonds were originally issued for the construction of the District’s buildings as part of the District’s master facilities plan.
