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Bond Refunding
Saves District More Than $63M
ansfield ISD has been fiscally responsible through the refunding of its bonds, saving taxpayers a total of
approximately $63.1 million.
Bond refunding allows the district to exchange its higher-interest debt for that of a lower rate. The savings were
accrued through 11 different bond series since 2010.
MISD has maintained outstanding ratings from Moody’s, Standard & Poor’s (S&P) and Fitch Ratings, the top three
credit rating agencies. Those ratings allow MISD to achieve the lowest interest rates available for all bond financings.
“The MISD Business Services Department continually looks for ways to make the most out of taxpayer dollars,” said
Dr. Karen Wiesman, associate superintendent of business and finance. “We will continue to effectively manage the
district’s debt and finances and ensure economical and efficient operations.”
Mansfield ISD also has no capital appreciation bonds (CABs), which many other fast-growing districts have accrued.
The interest on a CAB keeps compounding until payment is due, causing the interest-to-principal payback ratio to be
significantly higher than traditional bonds.
Mansfield & Grand Prairie
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& Family Medicine
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Mansfield - 817-473-3979
1811 Hwy 287., Suite 140
Grand Prairie - 972-755-1785
5204 S. Hwy 360, Suite 400
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W W W . M A N S F I E L D U R G E N T C A R E Mansfield
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