Cheney School District refinances 2010 middle school bonds
The Cheney School District is looking to refinance $51 million in general obligation bonds it issued in 2010 in hopes of saving taxpayers money.
The $51 million the district is refinancing is a part of an overall $78 million in construction bonds from 2010 that paid for the construction of two middle schools and one elementary school. According to Kassidy Probert, executive director of finance, the $51 million had a call feature in the 2010 bond resolution allowing the district to be able to call back the bond for redemption prior to its maturity date of 2020. The $51 million currently has a 5...
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