MARSD Bond Refi Expected to Yield Big Annual Savings

The Independent reports that the Matawan-Aberdeen School Board is looking to refinance the debt incurred by the district for the 2003 renovation of the middle school while interest rates are at record lows. Depending on the final deal, the total savings could be substantial while the instrument's tenure would remain unaltered. Board President Charles Kenny pointed out, "That money could be used for teachers, technology and taxpayer [relief] savings. It is certainly money that would be otherwise spent with no benefit to the district.”