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School saves half million dollars in refinancing

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The Somerset School District couldn't have picked a better time to refinance.

The school district refinanced the final 10 years on the bonds remaining from the selling of the bonds for the Somerset High School building in 1994. By getting a 2.59 percent interest rate, instead of a 5.0 interest rate, the school district is going to be saving more than $500,000 over the final 10 years of those school bonds.

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Dave Newman
Dave Newman has been the sports editor at the New Richmond News since 1988. He has covered the action in the Middle Border Conference, Dunn-St. Croix Conference and Big Rivers Conference for nearly 30 years.
(715) 243-7767 x242
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