Referendum update: Colfax school district locks in 3.45 percent interest rate

By LeAnn R. Ralph

COLFAX  —  The Colfax school district has locked in an interest rate of 3.45 percent on the referendum-approved spending of $7.2 million, saving taxpayers $270,000 over the projection of a 3.75 percent interest rate. 

Bill Yingst, school district administrator, reported on the interest rate at the Colfax Board of Education’s March 22 meeting.

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