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MCPS Receives Favorable Interest Rate on Bond Sales, Saves Money for Taxpayers

 


MISSOULA - The Missoula County Public Schools (MCPS) Board of Trustees authorized the sale of bonds to fund school improvements under the Smart Schools 2020 plan Dec. 8, 2015. Tuesday, Feb. 23, 2016, the District executed the first sale of $51.6 million in bonds for the elementary district and $22.7 million for the high school district.

In a presentation made by Aaron Rudio of D.A. Davidson during Tuesday night’s board meeting, the board learned that interest rates are currently at the lowest point seen in the past five months. The District anticipated securing an interest rate of 3.75 p...



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