At this week’s Marinette School District School Board meeting the board approved the resolution awarding the sale of over 8.4 million-dollars in general obligation promissory notes. Marinette School District Finance Director Brian Walters says the school’s financial advisors went out to the bond market for potential investors to bid.
Walters says this is phase two of Act 32.
The School District was hoping for a rate of 2.75%. However, due to the amount of interest they were able to secure a lower rate of two-point-one-seven-percent 2.17%.