On April 7, the Osseo Area Schools School Board approved a bond refinancing plan that will save local property taxpayers more than $5 million in interest costs over the next five years. The savings (slightly more than $1 million per year) are related to debt service on building bonds that voters approved in a 2002 bond referendum.

By refinancing debt at a lower rate, the school board has saved local taxpayers more than $16 million in interest costs over the life of the bonds.

-April 2015