Posted Date: 03/11/2021
The Andover Board of Education on Monday took advantage of a favorable bond market to approve the refunding of approximately $63 million in bonds approved by voters in May 2017. Similar to refinancing a home, the action allows the district to pay less interest over the remaining life of the bonds.
As a result, district taxpayers will save more than $3 million through 2034. This one of the many ways Andover Public Schools is working to provide financial stewardship of taxpayer funds to maximize the benefits for our students.