Lebanon R-3 to save $50,000 in interest

General Obligation bond refunding was discussed by the Lebanon R-3 School Board of Directors during their Wednesday study session. The district has the opportunity to save around 50-thousand dollars of taxpayer money courtesy of a drop in interest rates. R-3 Communications Director, Jacy Overstreet, says the bonds that would be refinanced are the 2014 series…………

Overstreet says it’s always a great opportunity when the district can save taxpayer money. The board also met in closed session. The next regularly scheduled meeting of the Lebanon R-3 School Board of Directors is scheduled for February 11th.