Cary Grade School Board Saves by Refinancing High Interest Bonds

A press release from the Cary Elementary District 26 School Board: CARY DISTRICT 26 BOND REFUNDING RESULTS IN SAVINGS TO TAXPAYERS CARY, IL – The Board of Education of Cary School District 26 took steps this last month to reduce property … Continue reading

County Seeking Million Dollar Savings in Debt Refinancing

The McHenry County Finance Committee received a proposal to refinance outstanding debt this week. BMO Harris representative Eric Anderson make the presentation. That bank will get the biggest payment for the deal. Refinancing these debt certificates is a lot like refinancing … Continue reading

MCC to Refinance Loans in Hope of Saving Money

McHenry County College has $2.2 million in outstanding bonds, issued apparently without a referendum, for which interest higher than market rate is being paid. The Board is scheduled to refinance them at Thursday’s meeting and save 2.5 percentage points, as … Continue reading