Belton Taxpayers Save $1.27 Million Through ISD Bond Refunds - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Belton Taxpayers Save $1.27 Million Through ISD Bond Refunds

Posted: Updated:

The Belton school district is reworking the numbers and saving local taxpayers money.

Belton ISD is refunding some of the bond money approved back in 2006.

What that means is they're essentially buying back some of the bonds and reselling them at a lower interest rate.

The district is refunding $9.65 million in bonds. That'll save taxpayers $1.27 million over the life of the bonds.

Next year, that'll mean $107,000 in taxes the district won't need to collect.

That translates to a half-cent lower property tax rate per $100 of value.

This brings the total tax savings since refunds started in the district in 2010 to $470,000, and a cumulative tax rate 2.3 cents lower.

  • Latest NewsMore>>

  • Korean War Monument Unveiled

    Korean War Monument Unveiled

    Saturday, April 19 2014 7:49 PM EDT2014-04-19 23:49:31 GMT
    (KCEN) -- Jesus Perez joined the Air Force in 1951 and went to Korea a year later, but he says many people overlook the war he fought. "A lot of people forget about this," Perez said. "You look at the history books and there's one little sentence. Not a paragraph. Just one little sentence."On Saturday morning, the Central Texas chapter of the Korean War Veterans Association set out to fix that with the unveiling of a new monument. It was an emotional moment that brought back memories for vete...More >>
    (KCEN) -- Jesus Perez joined the Air Force in 1951 and went to Korea a year later, but he says many people overlook the war he fought. "A lot of people forget about this," Perez said. "You look at the history books and there's one little sentence. Not a paragraph. Just one little sentence."On Saturday morning, the Central Texas chapter of the Korean War Veterans Association set out to fix that with the unveiling of a new monument. It was an emotional moment that brought back memories for vete...More >>
  • Thousands of Hispanic Youth Descend on Waco for 50th Annual Congreso

    Thousands of Hispanic Youth Descend on Waco for 50th Annual Congreso

    Friday, April 18 2014 8:19 PM EDT2014-04-19 00:19:28 GMT
    (KCEN)-- More than 5,000 Hispanic Baptist youth are in Waco for 50th Annual Congreso. It's the largest annual gathering of Hispanic Baptist young people in the state of Texas. This is the sixth yearMore >>
    (KCEN)-- More than 5,000 Hispanic Baptist youth are in Waco for 50th Annual Congreso. It's the largest annual gathering of Hispanic Baptist young people in the state of Texas. This is the sixth yearMore >>
  • BBQ Joints and Backyard Grillers Feel the Heat of Rising Meat Prices

    BBQ Joints and Backyard Grillers Feel the Heat of Rising Meat Prices

    Friday, April 18 2014 6:31 PM EDT2014-04-18 22:31:15 GMT
    (KCEN) – If anyone knows BBQ, it's Roy Hamilton. The 79-year-old has been around it his entire life. It's who he is. His father started Maurice's Pit BBQ in Harker Heights back in 1951, and now the fingerMore >>
    As you get ready to dust off those grills, be prepared to pay more. Beef and pork prices are skyrocketing just in time for BBQ season.More >>
Click for Local Doppler Radar
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN, Owned and Operated by London Broadcasting Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.