mlanthier@ironmountaindailynews.com
NIAGARA, Wis. The Niagara School Board heard details from Baird of Milwaukee on the timeline for selling almost $4 million in bonds approved by referendum this fall.
District voters said yes Nov. 3 both to $3,995,000 for facility improvements plus a measure letting the district exceed its state-set annual revenue limits for four years.
Lisa Voisin of Baird told the board Dec. 16 that parameters for the $3,995,000 bond sale will be set at the Jan. 20 meeting.
Once that is in place, the sale can happen whenever the most favorable interest rates are available.
She was encouraged that interest rates will be lower than the 3.5% estimated when the referendum was proposed.