Madison School District's Debt

Madison School District Superintendent Dan Nerad 188K PDF:

The important component of this information, is to realize that MMSD prior to re- financing for lower interest rates, had debt service for the unfunded pension liability all along with an interest rate of 7.8%. It wasn't transparent as it was simply paid on an annual basis, but to recognize lower interest rates, we chose to issue bonds that will save the district over $13 million in interest costs.
There are a few ways to look at what the appropriate level of debt is for a school district, and we have attempted to put information together relative to each differing way. The ways are:

Posted by Jim Zellmer at April 19, 2012 1:25 AM
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