Enumclaw School Board looking to save million in finance charges

Published 3:58 pm Thursday, April 30, 2009

By Brenda Sexton, The Courier-Herald

The Enumclaw School District board of directors took the first step in refinancing district bonds and saving taxpayers money at an emergency meeting Thursday morning at the school district office.

The board approved a resolution to request a certificate of eligibility from the state that will allow it to take advantage of a sudden drop in rates. That action is expected to be taken at the school board's Jan. 26 meeting.

According to District Business and Operations Director Tim Madden, the refinance, when complete, should save taxpayers $1 million over the life of the bond.

Brenda Sexton can be reached at bsexton@cmg-northwest2.go-vip.net/courierherald