H-D refinances bond debt; agrees to new shared position with CAL

The Hampton-Dumont Board of Education approved to refinance its bond debt with BB&T Government Finance at an interest rate of 1.92 percent.

The outstanding debt on the bond (geothermal heat at the high school) is currently $2.393 million. After refinance, H-D will pay Approximately $96,636 in interest by the end of the bond in 2022. The total savings, after accounting for the $32,266 cost to refinance, is approximately $114,643.

In other news, the board approved the hiring of a shared music instructor position with CAL, with all members approving except Jeff Rosenberg. Tom Birdsell was not in attendance.

Read the full story in the November 22 edition.