The Clinton School District has decided to refinance the bonds used to pay for the Clinton Junior High School.

At the August Board of Education meeting, Superintendent Curt Nettles explains the bonds are in the stage where they could be paid off or refinanced. The district has decided to refinance those, saving taxpayers upwards of a half-a-million dollars. 

Nettles compares the scenario facing the district to refinancing a home. He indicates rates are very favorable at this time and over time is saves taxpayers quite a bit.

The Board of Education approved the measure last month. Nettles anticipates issuing the bonds this month and then closing on them in November. He says it is a lengthy process to do all this but the new refinanced rates would fall in the next tax cycle.