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Evergreen Fire District's bond refinancing brings taxpayer savings

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By Sandy Barnes

Taking advantage of historically low interest rates, the Evergreen Fire Protection District reaped $684, 417 in savings by refinancing nearly $6 million in bonds on Dec. 18.

Taxpayers in the fire district are benefiting from the bond refinancing through a resulting mill levy decrease from 1.66 to 1.46 mills.

The refunding of $5,855,000 of the district's 2003 bonds, which carried yields of 3.10 to 4.10 percent, were replaced with bonds with yields ranging from 0.60 to 2.15 percent. The refinancing will bring annual savings averaging $85,000 from 2013 to 2023.


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