Schools
Chelsea School Board Approves Bond Refinancing
Refinancing the bonds will save taxpayers $1 million.
The Chelsea School Board unanimously approved the refinancing of the district’s 2004 school building and site bonds on Monday.
The project is expected to save taxpayers about $1.3 million, according to the Chelsea Update.
During a meeting with the accounting firm Stauder, Barch and Assoc. Inc., the board said refinancing the bonds would result in a reduction of over $1 million in savings to taxpayers.
Find out what's happening in Chelseafor free with the latest updates from Patch.
The new refunding bonds are dated Jan. 1, 2013.
To read the full story, visit www.chelseaupdate.com.
Find out what's happening in Chelseafor free with the latest updates from Patch.
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