Taxpayers Save Nearly Two Million Dollars in Avondale School District

Bond Refunding Saves Avondale School District Taxpayers $1.8 Million in Interest Costs The Avondale School District Board of Education is proud to announce the successful sale of its 2017 Refunding Bonds in the amount of $15,880,000. The Bonds are being issued for the purpose of currently refunding a portion of the District’s outstanding 2007 Refunding Bonds and to pay the costs of issuing the Bonds. The 2017 Refunding Bonds reduce the Avondale School District interest expense over $1,762,454 … [Read more...]

Oakland County retains AAA because of budgeting practices

According to a press release, Oakland County, Mich. retained its AAA bond rating on $3.1 million Building Authority Refunding Bonds, Series 2014, County Executive L. Brooks Patterson announced today. Moody's Investors Service cited the county’s strong fiscal management practices as the reason behind awarding it the highest credit rating with a stable outlook. “We expect the county's financial position will remain strong going forward owing to continued application of very solid fiscal … [Read more...]