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Bond sale saves taxpayers money on school projects

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WENATCHEE — Lower-than-expected interest rates on $66.5 million in bonds will save Wenatchee School District property owners about 10 percent in taxes.

The Wenatchee School Board signed papers Tuesday evening to finalize the sale. The $66.5 million will be used to fund remodeling projects or new construction at five schools through the fall of 2016.

“We timed it really well and were able to get a low interest rate,” Annette Sommer, senior vice president for Piper Jaffray investment banking, told…

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