At their meeting in April, the Greenville ISD Board of Trustees worked on reducing the district’s debt burden. For the fourth time in five years, the board voted to refinance and/or pay off outstanding bonds ahead of schedule. On May 22, that early defeasance of bonds was finalized,
Through those four defeasances, through a combination of scheduled payments, refinancing at lower interest rates and early repayments, the district has reduced its total principal and interest obligations by $89.7 million since 2020.
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