On February 5, the Bryan school board will consider refinancing old bond issues that could save the district a total of nearly $5 million dollars.
Assistant superintendent Amy Drozd and the district’s financial adviser, Steven Adams, talked about the refinancing and the impact local charter schools have on BISD financing at this week’s board meeting.
Drozd says bond companies will look favorably on the results of last October’s special election, where voters supported increasing state funding by raising the property tax rate for maintenance and operations…which followed the school board lowering the tax rate on bonded indebtedness.
Click below for comments from Amy Drozd and Steven Adams.