Local News


PRINEVILLE, OR -- The Crook County School District has refinanced some school bonds due to historically low interest rates. In 2013 voters okayed a 33-million dollar bond measure to build Barnes Butte Elementary and upgrade other schools. Jason Carr with the school district says with interest rates at historically low levels they decided to refinance about 28-million dollars of bonds. He says they will carry an interest rate of 1-point-27 to 2-point-9-per cent. The old interest rates were two-and-a-half-to 4-and-a-half per cent. Carr says over the next 18 years the refinance will save taxpayers 3-point-2-million dollars.

Hide Comments

Traffic

 

 

  • Click the link above to get the latest road conditions.

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER
News Disclaimers