Refunded bonds to save WF taxpayers $2 million
On Monday, the West Fargo School board unanimously approved a move to award bids for the advanced refunding of bonds.
Myron Knutson, Managing Director for Public Financial Management in Fargo, said the lowest bid taken would save West Fargo residents approximately $345,000 per year for the remainder of the bonds.
Or to put it in perspective, "it is a savings of $2 million to the West Fargo taxpayers," said Joe Sykora, Business Manager for the West Fargo School District.
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