USD 378 Riley County School opened the bids for the sale of the general obligation bonds on December 5th. The district's financial firm had predicted the bonds would have an interest rate of 3.44 percent. However, the low bid came in at 2.51 percent. This difference will save taxpayers approximately 2.8 million dollars in interest cost as compared to the prediction over the twenty-year life of the bond. The board of education accepted the bid from The Baker Group out of New York.
Bond Update-Savings in Interest
Friday, December 27, 2019