Georgetown ISD had higher interest savings than anticipated in its recent bond refinancing.
Last fall, the school board approved the $77.8 million sale of taxable and tax-exempt bonds to save on interest costs.
The bond sale that was finalized in late January could save the district $10.2 million during the next 13 years, which exceeded the anticipated savings of about $9.5 million that had originally been presented to the school board, GISD Chief Financial Officer Steve West said.
"This was the best situation that I have ever been involved in," West said. "The market was just perfect for this one."
