Bond re-fund­ing will save $4.6 mil­lion

Austin American-Statesman - - COMMUNITY NEWS - — AMER­I­CAN-STATES­MAN STAFF

The Pflugerville school district has com­pleted re-fund­ing $38.6 mil­lion in bonds is­sued in 2004 and 2005. The ac­tion low­ered the in­ter­est rate, which will save $4.6 mil­lion, ac­cord­ing to a news re­lease.

In the past three years the district has com­pleted five bond re-fund­ings, sav­ing more than $17 mil­lion in in­ter­est costs, the re­lease said.

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