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The Fordyce School District will ask voters for permission to refinance
their construction bonds to get them back in the black.
While the district is doing o.k. financially in maintenance and operation,
it is not raising enough starting this year to pay for construction bonds.
The district’s financial advisor Ray Beardsley from First Financial
Beardsley Public Finance explained
the situation to the school board at the January meeting Monday night.
Beardsley pointed out that this is not a
tax increase. It is just refinancing the school's current bond issue to get
a better interest rate.
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