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News Brief

Nov. 1, 2011MARYVILLE, MO |  By: Wayman

Maryville Refinance

The Maryville R-2 School District is refinancing existing bonds, a plan that could save more than 1.2 million dollars.

The bonds were sold several years ago to help build the elementary school addition and high school commons. Superintendent Larry Linthacum says besides re-financing at today's lower rate, the district also plans on doing a needs-analysis the next few months to see what other projects are needed in the Maryville District.

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Linthicum anticipates surveys going out to R-2 patrons in late winter or spring to get an idea of facility needs. He adds the district might consider a no-increase bond issue sometime in the future as a possible funding option.