Lamar County School District Saves $1.9M After Refinancing - WHLT 22 Connecting the Pine Belt

Lamar County School District Saves $1.9M After Refinancing

Posted: Updated:
PURVIS, MS -

 Lamar County School District has saved nearly $1.9 million by refinancing its bond debt.

In December, the district refinanced $9.988 million of its debt at a 2.16 interest rate to save about $1.1 million.

This month, Jennifer Hession, chief financial officer says the district took measures to save an additional sum. She says the district refinanced $20.9 million at a 1.98 arbitrage yield. Hession says the system will $800,000 in interest.

The district is still paying on the $43 million bond issue passed in 2005 that built four elementary schools.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • 2 Southern states deny thousands of license plates each year

    2 Southern states deny thousands of license plates each year

    Monday, April 14 2014 5:59 PM EDT2014-04-14 21:59:44 GMT
    We've all seen the personalized license plates that are tough to figure out. In fact, license plates must meet a certain standard. And, they must make it past a special group of DMV workers who sort
    We've all seen the personalized license plates that are tough to figure out. In fact, license plates must meet a certain standard. And, they must make it past a special group of DMV workers who sort
  • Hattiesburg Man Pleads Guilty To Child Pornography

    Hattiesburg Man Pleads Guilty To Child Pornography

    Tuesday, April 15 2014 6:40 PM EDT2014-04-15 22:40:06 GMT
    Grantham Anthony Mitchell, Photo Courtesy of Forrest Co. JailGrantham Anthony Mitchell, Photo Courtesy of Forrest Co. Jail
    HATTIESBURG, Miss. - The following press release is from the Department of Justice: Hattiesburg, Miss - Grantham Armstrong Mitchell, 20, of Hattiesburg, pled guilty in U.S. District Court today to production
    HATTIESBURG, Miss. - The following press release is from the Department of Justice: Hattiesburg, Miss - Grantham Armstrong Mitchell, 20, of Hattiesburg, pled guilty in U.S. District Court today to production
  • Columbia Doctor Charged With Attempted Rape

    Columbia Doctor Charged With Attempted Rape

    Friday, March 28 2014 7:01 PM EDT2014-03-28 23:01:59 GMT
    Martins Ugwu-DikeMartins Ugwu-Dike
    COLUMBIA, Miss. - A Columbia doctor appears in Marion County Justice Court Friday, after police say he allegedly attempted to sexually assault one of his employees. Dr. Martins Ugwu-Dike is charged with
    COLUMBIA, Miss. - A Columbia doctor appears in Marion County Justice Court Friday, after police say he allegedly attempted to sexually assault one of his employees. Dr. Martins Ugwu-Dike is charged with
Powered by WorldNow

5912 Hwy. 49, Ste. A
Hattiesburg, MS 39401

Telephone: 601.545.2077
Fax: 601.545.3589
Email: newsroom@whlt.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.