Building a better community every day!

Tukwila School District saves tax payers $831,000 via bond refinancing

In December, the Tukwila School District took advantage of the very low interest rate environment and refinanced the majority of its bonds at a much lower interest rate which will save the district taxpayers $831,000 over the next 5 years. This amounts to a savings of about $.30/$1000 of assessed value over the next 5 years. For a homeowner with a home with an assessed value of $200,000 that will be about $60 or about $12 per year. These bonds were originally issued to fund school construction and remodeling in the district. The bonds will be fully paid off in 2017.

Happy New Year to all the tax payers that support the Tukwila School District!

Dave Larson
Tukwila School Board Director

0 members like this

Comment by Chuck Parrish on January 1, 2013 at 2:04pm: This is HUGE, David. Thanks so much for letting people know. Public institutions, schools, districts, governments do great things for which people to do not give them credit.

Comment by Pam Carter on January 5, 2013 at 11:30pm: Glad to hear the District has done this.

Comment by Ricardo Frazer on January 7, 2013 at 12:40am: Excellent!!!

Comment

You need to be a member of Tukwila Talk to add comments!

Join Tukwila Talk

RSS

Welcome to
Tukwila Talk

Sign Up
or Sign In

Or sign in with:

Disclaimer

Opinions expressed on Tukwila Talk belong to those who write them and do not reflect the opinions of Tukwila Talk. Tukwila Talk is not responsible for the accuracy of
information offered by participants.