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Pattonsburg school reduces interest expense, shortens repayment period

The Pattonsburg R-2 Board of Education approved a refunding bond resolution which will save the school $120,934 during their regular meeting held on Nov. 16.

The resolution authorized the sale of $905,000 General Obligation Refunding Bonds at an average interest rate of about 2.73 %, compared to the Series 2003 and Series 2004 Refunded Bonds which carry an average interest rate of about 4.40 %.

The district reduces the future

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