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Clinton Schools Issue Final Bonds For New Elementary School

The Clinton School District has now issued all the bonds for the money for the new elementary school.

The Clinton Board of Education issued part of the bonds last year and then part of them again this January. Superintendent of Clinton Schools Dr. Jeff Holmes explains they had to go in that order because schools are only allowed to issue a certain amount of bonds at a time. He says it also gave local investors the opportunity to buy those bonds, and they did.

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Bond rates over the past several months have been very favorable, and in fact, Dr. Holmes says the rate they received was lower than what they were anticipating it being. He notes as well, the low bond rate will make the payments lower and the tax rate lower as the life of the bonds ages.

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The low bond rate will allow the district to keep their taxing rate right in line with where they want it and where they have promised it to be. Looking farther into the future, it appears the tax rate should remain right where it is as well.

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