WISD refinancing debt
Submitted by Wimberley1 on
Gary Zupancic
Staff Reporter
The Wimberley ISD School Board met Monday night and approved a suggestion by the district’s bond attorneys to refinance I&S (Interest and Sinking) at a lower tax rate. I&S is one part of a two part monetary funds, the other Maintenance and Operations (M&O). I&S is only for the servicing of debt due to school bonds, while M&O is for salaries, capital improvements and everything else.
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