Quincy School District Refinancing Project Expected to Save Taxpayers Nearly $3.6 Million
Quincy School District Press Release May 14, 2026
FOR IMMEDIATE RELEASE
Quincy School District Refinancing Project Expected to Save Taxpayers Nearly $3.6 Million
QUINCY, WA — The Quincy School District has successfully refinanced a portion of its existing school bonds, a move that is expected to save local taxpayers nearly $3.6 million over the next several years.
The refinancing replaces older bonds with new bonds that have lower borrowing costs. The refinancing will reduce the amount the district needs to pay on these bonds over time, resulting in nearly $3.6 million in savings for local taxpayers.
“By refinancing these bonds at the right time, we were able to reduce costs and save taxpayer dollars. This successful bond refinance reflects the careful planning and financial stewardship that help us make the most of every dollar entrusted to our district,” said Superintendent Dr. Nik Bergman.
The refinancing exceeded the savings goal established by the Quincy School Board and is expected to generate approximately $3.59 million in total savings through 2035.
The bond sale attracted strong interest from investors across the country, illustrating investor confidence in the Quincy School District’s financial stability and future.
One reason for that confidence is the district’s strong financial standing. Earlier this year, Moody’s Ratings, one of the nation’s leading independent credit rating agencies, assigned Quincy School District an Aa3 credit rating. Moody’s recognized the district’s stable financial position, careful budgeting, healthy student enrollment trends, and a strong local tax base.
The district would like to thank the Quincy School Board for their leadership and commitment to responsible financial planning. The Board’s focus on long-term financial health helped make this refinancing opportunity possible and ensured that taxpayer savings remained a top priority.
The district also extends its appreciation to the Business Services Department for its dedication and careful financial management. Their work has helped position Quincy School District for success, allowing the district to take advantage of favorable market conditions and achieve significant savings for taxpayers.
This statement is published as an official press release issued by the Quincy School District from the office of Jessica Blancas, Communications Coordinator for the Quincy Washington School District. The content has not been altered, edited, or modified in any way by the staff, ownership, or affiliates of this publication.
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