Refinancing of Decorah School District bond issues could save over half a million dollars

The Decorah School Board has begun the process of refinancing three bond issues from 2010, 2011 and 2012.  The move is expected to save the school district $678,677 in payments.

A public hearing on the proposal will be held on February 8th during a Decorah School Board meeting.  If approved, the bond refinancing would be held February 23rd, with the process completed by the end of March.

The estimate of $678,677 in savings is based on figures which include an interest rate cushion in case rates increase between now and the potential sale date.