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Monticello board ratifies bond refunding; advisors report roughly $490,000 in savings
Summary
The Monticello School Board ratified a partial refunding of 2016 general obligation bonds (maturities 2027–2034) after advisors reported lower-than-expected interest costs and a projected savings of about $490,000 over the refunded maturities.
The Monticello School Board on Jan. 6 ratified a resolution approving the issuance and sale of General Obligation School Building Refunding Bond Series 2026B, following a presentation by the district’s financial advisors and Director of Business Services Tina Burkholder.
Beth Downs of Ehlers told the board the district received 14 competitive bids and that presale estimates had put the interest cost around…
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