School News

District to save $1.385 million after refinancing bond debt

During the July meeting of the Mount Vernon ISD board, it was announced that the district will receive $1.385 million in savings following the refinancing of the 2008 capital improvement bond debt.

“Because of the historical reputation of the district and the administrative staff for having a solid financial footing, we had a successful bond sale,” Rob Greiner with Live Oak Public Finance told members of the board. For more details from the July school board meeting, see the July 13 edition of the Mount Vernon Optic-Herald.