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Richland 2 taxpayers could get a break

Sep 29, 2010 12:02:00 PM - thestate.com

Richland 2 taxpayers will be eligible for a break in next year’s tax bills because its construction debt isn’t as high as expected, the school district announced this morning.

Property-tax bills could go down $28 for the owner of a $100,000 home or $42 for a business owner.

School board chairman Bill Flemming Jr. credited “good fiscal management and lots of good fortune” for the savings, including an interest-free loan on $60.8 million in school-construction bonds and bids that came in under budget.

Further, District 2 has a “AA” credit rating, allowing it to obtain lower interest rates and avoid bond insurance, according to a district news release.

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