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Board of Education Approves Bond Refunding
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Story By: Brigitte Coles

 

 

 
 
 
   
   
  Originally Published on: 5/30/2013

The Bucyrus City Schools Board of Education approved the refunding of bonds. The bond refunding will save taxpayers of the district $1,178,284.16 and reduce the bond payoff term by two years.

"This is a substantial savings for our district residents," Treasurer Ryan Cook said. "This decision continues the Board of Education's dedication to maximizing the investment our stakeholders continue to make in the district."

"While the savings to taxpayers are significant, it's important to note that the operational funding of the school district will not be affected. We are neither saving or making money with this decision," Cook said. "Rather, these are dollars that do not have to come out of our taxpayers pockets."

"This shows that the board of education and district leadership are working to maximize the dollars entrusted to us by the stakeholders in our district," Superintendent Kevin Kimmel. "Ultimately, this was a move that more positively benefitted our community, and we are proud to be able to help the people that help us provide education for our young people.”

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