January 22, 2014 9:14 PM

Phenix City Council: $20 million school bond issue wins approval

Phenix City Council approved a nearly $20 million bond issue that had previously been approved by the city’s Board of Education. The school system is piggy-backing on the city’s good bond rating that allows lower interest rates. The school district is borrowing about $10 million for new capital projects and refinancing about $10 million more in existing debt, said city Finance Director Steve Smith.

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