Nashville School District planning to refinance 2016 bond issue

The Nashville School District is planning to refinance a 2016 bond issue. All five of the district’s school board members voted in favor of the plan at Monday’s regular March meeting. The vote followed a brief presentation from Jason Hosclaw of Stephens, Incorporated,, who is acting in an advisory capacity to the district in the process. Hosclaw said the main goal to be achieved through the refinancing, is a potential savings for the school district of just over $680,000 dollars:

The district had hoped to get the process started last month, but was unable to, due to the snow and bitterly cold temperatures in February. The district’s savings at that time could have been upwards of $900,000 dollars.
The bond issue closure is expected in mid-July.