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District reports roughly $3 million savings from 2018 bond refinancing
North Montgomery Com Sch Corp · March 17, 2026
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Summary
Staff told the board the district refinanced 2018 bonds, lowering the interest rate from 5% to 3.25% and estimating about $3 million in savings, with $2 million placed into a construction fund and annual debt-service savings starting in 2029.
District staff reported to the North Montgomery Com Sch Corp board that a recent refinancing of the district’s 2018 bonds reduced the interest rate from roughly 5% to about 3.25%, producing an estimated $3 million in savings.
"So, we're looking at a $3 million savings," said…
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