School bonds sale goes slightly better than expected

Jeff Solomon from Baker Tilly brought the Lake City School Board happy tidings from the world of finance.

The district is getting a slightly better than expected interest rate on almost $13 million in debt left from the school district’s 2010 renovation project.

In October, Baker Tilly projected a 1.865 percent interest rate. The winning bid, from Robert W. Baird and Co., came in at 1.808 percent.

 


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ISSN 2994-1059 (print)  ISSN 2994-1067 (online)