Jamestown Public School Board approves going ahead with plan

The Jamestown Public School Board approved Monday moving forward with a refinancing option that could save taxpayers about $2.5 million. Under the proposed plan, the School Board would sell refinanced bonds for the Jamestown High School and Middle School project. The plan would knock off four years of payments, said Myron Knutson, who advises schools on bond issues and indebtedness. So, the bonds would be paid off in 2017 as opposed to 2021. Taxpayers would save about $2.5 million. The current debt is about $13.5 million.