KCK school leaders celebrate bond refinancing of $30 million while new school construction progresses

You don’t often hear of school districts saving money.

That’s what one metro education system said it’s doing, saving $30
million off a huge bond debt approved by voters.

The sound of power tools from a construction site is welcome in several Wyandotte County neighborhood.

The Kansas City, Kansas, School District is in the process of building five new schools, using a lion’s share of $235 million in bond money. Voters signed off on that loan with a 79% approval in late 2016.

Now Dr. Charles Faust, KCK Schools Superintendent, said his district is building and saving cash, too.

“$30 million is what it cut from the loan,” Foust said.

(Read more: fox4kc.com | FOX 4 – WDAF)