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Pennsbury Takes $8.5M Bond For Upgrades, Projects & More

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By

Tom Sofield
The Pennsbury School District building in Fallsington - file photo (Tom Sofield/LevittownNow.com)
The Pennsbury School District building in Fallsington – file photo (Tom Sofield/LevittownNow.com)

The Pennsbury School Board recently approved taking out an $8.5 bond to cover the price tag of capital projects and other expenses, according to PhillyBurbs.com.

The bond has interests rates of 0.3 percent to 4.0 percent and has to be re-payed in the next 20 years, the website reports.

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Bonds are attractive to local governing agencies at the moment due to historically low rates spurred by the economic crisis.

Read more on the Pennsbury bond here

Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.