School board approves refinancing Series 2010 bond, saves taxpayers more than $583,000

Abraham George, Sheldon ISD Chief Financial Officer, said his department is always looking for ways to help save taxpayer dollars.

“The 2010 Series bond had just become callable,” George said, “which meant the district had the opportunity to refinance at a lower rate.”

The balance on the Series 2010 is $11,105,000.