Paris ISD school board votes to refinance debt. The district is over $8 million in debt and earlier this week met with a financial advisor about options to refinance.
Recent renovations to campuses and the construction of the 3 year old Paris High School and surrounding facilities is the reason for the debt. The board voted to give permission to new superintendent, Paul Jones and business manager Tish Holleman the right to sell district bonds at a lower interest rate.
The district looks to move quickly, since they have a bond order expiring in 6-months.