Brighton Schools Sells First Series of Bonds
The Series One bonds total $49 million of the $88.4 million bond issues voters passed in May.
Brighton Area Schools will save taxpayers millions of dollars after the sale of its first series of bonds for its $88.4 million bond issue voters approved back in May. School board members unanimously approved the sale for $49 million in bonds during its meeting Monday night. Brighton Superintendent Greg Gray said the district saved taxpayers $17 million on just more than half of the bond issue in just one day. According to Maria Gistinger, assistant superintendent of finance, the district was also able to save taxpayers money due to a high bond rate. "We sold them at $1.4 million less to get the same amount of money," Gistinger said. "So we earned more revenue from the sale, but we pay back less in the long run. You may wonder why anybody…
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