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AUGUST 28, 2019 – KINSMAN, OH

The Joseph Badger Local School District Board of Education, with assistance from Hilltop Securities Inc., refinanced its outstanding Series 2012 Various Purpose Bonds to take advantage of favorable bond market conditions. The $5,880,000 refinancing will save District taxpayers $441,095 over the life of the bonds,  approximately 6.212% in present value savings The Series 2012 Bonds were originally a refinancing of the District’s Series 2003 Various Purpose Bonds. The 2012 refinancing resulted in gross debt service savings of $513,185 over the life of the bonds. In total, the two refunding bond issues have saved the Joseph Badger Local School District taxpayers $954,280 over the life of the bonds. The Board of Education, Superintendent Baldwin, and Treasurer Sciola want to take every opportunity to reduce taxes to the constituents they serve, and with favorable bond market conditions, this refinancing provided a great opportunity to save money for the community.