The New Bloomfield School District plans to refinance some more bonds next month, the district's board of education was told Thursday night.
New Bloomfield School Superintendent David Tramel said a spokesman for L.J. Hart & Co. of St. Louis, which represents the board in issuing building construction bonds, will appear at next month's board meeting and recommend refunding more bonds at a lower interest rate.
On Jan. 19, the board refinanced $1,130,000 in general obligation bonds at a lower interest rate, saving the district $131,215 in future interest payments.
"This second round of refunding of bonds also will save us a substantial amount of money," Tramel said.
Tramel said the district has applied for a $20,000 state grant to erect flashing school zone signs along Route J in front of the elementary school in order to slow traffic through the area.