The Indianola School Board approved a portion of bond refinancing a their meeting Monday, continuing the refinancing of a series of bonds over the past year to take advantage of historically low rates. Superintendent Art Sathoff tells KNIA News with this last round of refinancing the district saved over $250,000 in interest, and will help keep the district financially sound.

“What that does is it creates more bonding capacity for us if we pay them off more quickly. It saves future interest payments for taxpayers, and at some point even though we haven’t done one since 2013 at some point there will be a need for another bond issue and that positions us better for that. Hopefully the public has noticed we do pay them off early when we can and we are trying to pay off the debt as quickly as possible.”

For more information, listen to the full interview below.

https://www.kniakrls.com/2021/04/28/lets-talk-indianola-superintendent-art-sathoff-12/