Sentences with phrase «district bond repayments»
He said state funding for school district bond repayments has fallen from 44 percent to 7 percent over the last 15 years.
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In addition to refinancing the loan, the district restructured its bond payment to provide a more level repayment schedule.
The bill comes in response to a number of school districts using the long - term bond option that can delay repayments for decades and substantially increase costs.
Much like homeowners who may refinance their mortgages and extract dollars to remodel the kitchen, school districts refinanced bonds, often securing lower interest rates, shortening the repayment term and taking out cash.
On top of that, some school districts that have rapid population growth don't get any state funding for bond repayments because of outdated funding formulas.