Indian Creek refinances middle school bonds, saves taxpayers $2.03M
MINGO JUNCTION — The Indian Creek Local School District has refinanced its Indian Creek Middle School construction bonds, a move officials say will save taxpayers more than $2 million and reduce future property tax burdens. District Treasurer Adam Lewis said the refinancing of older 2006-era bonds was made possible by lower interest rates and will result in approximately $2.035 million in total savings over the remaining 10 years of the debt. “With interest rates being a little bit lower, there were some savings and we refinanced the middle school bond,” Lewis said. “We’re ...