Hamilton Southeastern (HSE) Schools will save a minimum of $4.5 million, and more likely gain as much as $5.6 million in a bond refinancing approved by the school board Monday night.  The refinancing is made possible by a call date option contained in the bond language.  Historically low interest rates the market is experiencing now allows for the large savings amount from this refinancing.

HSE Schools Chief Financial Officer Mike Reuter says the money saved in this action will be used to pay for the 10-year capital improvement plan submitted to the board recently by school administrators.