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Waco ISD refinances more than $100 million of its existing bonds, will save taxpayers $15.84 million Waco ISD and last updated 2021-02-03 16:23:28-05 WACO, TX â Waco ISD has refinanced more than $100 million of its existing bonds, a move the district says will save taxpayers millions of dollars. The district announced Wednesday it has refinanced approximately $106,740,000 of its existing bonds. Officials say this will result an overall savings of more than $15.84 million to district taxpayers through the remaining life of the bonds until the year 2038. The bonds initial 4.28% interest rate has been reduced to approximately 1.655%, according to the district s financial advisor, Robert Traylor of RBC Capital Markets. ....