Saint Peter Public School Board enthusiastically voted to approve an $8 million saving to taxpayers at the March board meeting. The approval of the sale of bonds was actualized from months of work reconsolidating existing debt and taking advantage of the current lower interest rates.
Saint Peter Public Schools (SPPS) recently took action to restructure the debt associated with the new High School. Superintendent Bill Gronseth stated, “By refinancing our current bonds, the district will save over $8,000,000. These are savings realized by taxpayers and result in a slower increase in tax rates over time”.