Aledo ISD board approves bond refunding projected to save taxpayers ~$16 million

At its May 18 meeting, the Aledo ISD Board of Trustees voted to refund/refinance bond debt at a lower interest rate — projected to save local taxpayers just under $16 million. The recommendation came from district staff and financial advisor BOK Financial Securities Inc. after a review of the district's financial position. According to BOK Financial, the district's taxpayers have saved a cumulative $62.7 million through refunding, prepayment, and variable-rate use across its debt history. Source: The Community News.

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