School officials vote to refinance bonds

GIRARD -- School officials have voted to refinance $3,370,000 in school improvement bonds in an effort to save the district money in interest payments.
The 1999 bond was for improvements at Girard Intermediate School.
Mark Bello, CFO/treasurer, said the interest rate was around 5.25 percent in 1999 and a little more than 4 percent now.
Below said refinancing the bond could save the district an estimated $180,000 through the payoff date in 2019.