
It isn’t every day when I get the good news that we just saved $1.6 million dollars!
Recently we issued bonds for T. Clay ES, Piney Branch ES, Reagan MS, a PACE West replacement and additions at some overcrowded schools on the eastern end of the county. Because of our AAA bond rating (the highest a locality can attain) and the fact that we had 14 bidders bidding on the sale of the bonds, we got a terrific interest rate of 3.147 %. We saved approximately $1.6 million in interest payments and reduced fees. This is the lowest interest rate EVER obtained by the county on a 20 year bond sale!
The savings will free up money to be spent on other planned capital projects and improvements. I will continue my push for moving up elementary, middle and high schools in the western end of the county. By being proactive on adding capacity and fighting overcrowding we can avoid the problems of shoving too many students into too few classrooms.




