It's a ways off, but low interest rates could save taxpayers in the Perham-Dent School District over $1 million
With refinancing the bonds sold to pay for a new high school, residents could see a break in their property taxes starting in 2024.
7:07 am, Mar. 4, 2021
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The new Perham High School is built with both sustainability and technology in mind. (Marie Johnson / Focus)
After Perham-Dent School District voters in 2015 approved $45.27 million in bonds to build a new high school and other improvements, the school district is now looking to save $1.3 million over 12 years by taking advantage of low interest rates.
If successful, the process would eventually save people in the school district some money on their property taxes. Here’s what you need to know about how the process works.