HR School District Sells Bonds At Premium

The Hood River County School District has closed on the sale of $57.2 million worth of bonds approved by voters last May for various capital projects, and were able to do so at a premium.  District Superintendent Dan Goldman says the bond coupons on average sold for 14-and-a-half percent more than the asking price, resulting in an additional $8.5 million for the district, which could provide the opportunity for the district to take care of more capital needs.  Goldman said the district would not proceed with projects that were not originally planned until those that were an original part of the bond measure are completed.  In addition, the district has refinanced over eight million dollars of bonds issued in 2008, which should save taxpayers around $694,000 over the remaining life of the bond.

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