The Decorah School Board has begun the process of refinancing three bond issues from 2010, 2011 and 2012. The move is expected to save the school district $678,677 in payments.
A public hearing on the proposal will be held on February 8th during a Decorah School Board meeting. If approved, the bond refinancing would be held February 23rd, with the process completed by the end of March.
The estimate of $678,677 in savings is based on figures which include an interest rate cushion in case rates increase between now and the potential sale date.