Black Hills Knowledge Netowork

The economy and markets are affecting local school district decisions.
The economy and markets are affecting local school district decisions.
December 5, 2016

Rapid City School District Uncertain About Future of $28 Million Debt

Whether to refinance $28 million dollars in debt incurred between 2008 through 2010 is a question that the Rapid City Area School District is asking, according to the Rapid City JournalAlthough the market evironment appears promising at this point in time and it is a routine matter to refinance, school officials are concerned that the market might change due to the November presidential elections.

Presently, refinancing could provide benefits to the school district. Lowering the current 4.5 percent interest rate to a 3.0 percent interest rate would save the school district approximately $1 million over the long term. 

For a further look at education in the Rapid City area visit the Black Hills Knowledge Network digital archives


Related items

  • First Rapid City Council Forum Held Monday

    Democracy in Action hosted an introductory forum for candidates for the 2019 Rapid City Council and Mayoral Election Monday evening at Southwest Middle School, reports…
  • Rapid City Area Schools Seek Feedback On New Facilities Plan

    Rapid City residents and school officials attended the first of a series of public forums Rapid City Area Schools (RCAS) are hosting to hear feedback…
  • RCAS Teacher Contract Impasse Decided In District’s Favor In Pierre

    Teachers with Rapid City Area Schools (RCAS) will soon have contracts, as resolution of the Rapid City Education Association (RCEA) and school district’s dispute over…

Get Involved!

  • Need more information? Rapid City Public Library associates are standing by to answer your questions! Ask away in the box below during business hours for live feedback.

    For more on this feature, click here.

  • bhkn donate

    Enjoy our work? Donate today to ensure that community members will have access to our wealth of news, history, and data for years to come.

  • 211 logoDid this post inspire you to get involved? Visit our partner 211's Volunteer Database to find volunteer opportunities in your community.

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]