Bryan City Schools News

Bryan City School officials are crediting Chief Financial Officer Rob Rosswurm with finding some $1.5 million in long-term savings to the taxpayers.

The Bryan Times reports that the board of education on Monday night reviewed a report by Rosswurm on the financial arrangements for the district’s upcoming building program.

Rosswurm said the district will be able to take advantage of a downturn on interest rates in the bond market – resulting in a rate of 4.27 percent on a $23 million bond sale.

The district’s A# bond rating was also credited with saving a lot of money. According to Moody’s it’s two places better than A1, which is typically assigned to most school districts.

The sale of another $9.8 million in bonds set for Feb. 18.

A new school is planned at a projected cost of $57.4 million, to be paid for with $32.8 million in bonds approved by voters in November, $5.75 million in permanent improvement money over 23 years, and $18.9 million in state matching funds.

Check Also

FCCC accepting applications for Wall of Fame and Distinguished Service Award.

Four County Career Center is now accepting nomination forms for its Wall of Fame and …