CENTRAL, La. (AP) - Officials say Central taxpayers will save about $70,000 more than expected thanks to low interest rates on a new $13.1 million series of public school construction bonds.
The Advocate reports (https://bit.ly/1iTa0X9 ) the construction bonds will be used for a variety of projects. About $8.1 million is slated for improvements to Central High School, including construction this summer of a new freshman academy on the campus. Installation of new lights at the high school’s baseball field was approved Jan. 13.
Five firms submitted bids to underwrite the $13.1 million worth of bonds. Central voters approved the sale of the bonds in a Nov. 16 election.
The St. Petersburg, Fla., brokerage firm Raymond James & Associates submitted the winning bid, unveiled Thursday, offering the lowest interest rate, 3.47 percent.
Information from: The Advocate, https://theadvocate.com
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