M.I.S.D. Refinances Bond Debt

M.I.S.D. Refinances Bond Debt

MIDLAND, TX (KWES) - The Midland School District announced it has successfully refinanced its school bond debt.

Officials say they refinanced $41,605,000 in existing debt at current market rates.

According to the district, they were able to get 15.9 percent in cost savings.

Officials say it will save taxpayers $10.3 million.

Superintendent Dr. Ryder Warren credits the savings to the work of the district's Chief Financial Officer David Garcia, First Southwest, and the school board for helping save taxpayer dollars.