BRENHAM SCHOOL BOARD LOOKS AT REFINANCING OPTIONS

  

At their noon meeting today (Tuesday) the Brenham School Board looked at several options for refinancing the district’s bonded indebtedness.   Financial Advisor Steve Perry with D.A. Davidson told the trustees that with interest rates at historically low levels, the district could save around 7 million dollars over the course of the bonds.  He presented three different options for refinancing, using none, $100,000, or $250,000 of the interest and sinking fund balance, which stands at $800,000.  The board took no action today, but will likely take up the matter at their regular meeting scheduled for September 21st.

In other action, the board approved the purchase of 150 hot spots for remote learning from homes that don’t have internet service. They also voted to approve the purchase of new Chromebooks for grades K through 1 and headphones with an USB microphone for grades K through 3.  They also approved the purchase of new laptop computers for the high school teachers.  The laptops are on a 5 year renew cycle, and this year it is time for the high school teachers to receive new laptops.