SEQUIM –School district taxpayers could find a little relief on future tax bills if the district is able to refinance construction bonds approved in 1996.
Those bonds financed a $25 million project to build Sequim Middle School in addition to adding buildings at the high school.
School board members agreed Monday night to allow the bonds to be refinanced if a 4 percent savings can be realized.
The amount of savings depends on the bond market. District Superintendent Mike Joyner said the bond market isn’t as good as it has been in recent months.
Joyner estimates the district could save between $250,000 and $500,000 over the life of the bond payback.
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