Bond Sales June 2019

June 11, 2019: Bethel recently sold $150 million worth of bonds at $1.42 per thousand dollars of assessed value. Keeping our promise to taxpayers, this is the same rate that was shown in the voter’s pamphlet. We were planning for the possibility of higher interest rates (4.95%) during the sale, but the true interest cost at the time of sale was 2.94% This saved us $35 million in interest. This is the first set of bonds to be sold to fund the projects outlined in our voter-approved School Construction Bond. We are anticipating selling the next set in 2021.