TPS to announce savings for taxpayers - Toledo News Now, Breaking News, Weather, Sports, Toledo

TPS to announce savings for taxpayers

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TOLEDO, OH (TOLEDO NEWS NOW) - Officials from Toledo Public Schools will hold a news conference Wednesday morning to announce the outcome of a recent bond refunding.

More than $34 million in bonds were refunded. Officials say that's a $5.2 million savings to tax payers.

TPS does not receive a savings from the refunds. They say the savings are directly credited to tax payers.

It's the second time this year TPS has refinanced bonds.

A news conference is scheduled for 11:45 a.m. Wednesday to further discuss the announcement.

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