The Whitman-Hanson Regional School District Transparency Project

Record page 287 of 4179.

Page 0287 of 4179

Record — Re: FY25 debt payment (Page 0287)

You could long-term bond for the amount, or you could continue to BAN the amounts with the above paydowns. If you have the free cash, it would make sense to pay off the BANs completely, because the interest rate you will be charged on the BANs will be more than the interest rate you will get by keeping the money in the bank. Does this help? Please let me know. Thanks! John F. Stanbrook Director of Business and Finance Whitman-Hanson Regional School District 610 Franklin Street Whitman, MA 02382 781-618-7417 john.stanbrook@whrsd.org On Wed, Nov 8, 2023 at 9:50 AM Lytle.Kenneth <KLytle@whitman-ma.gov> wrote: Hi John, Would you be able to send us a payoff schedule for the BAN? We’re looking into different ways to do it and among them is paying it off in 2 years instead of 3. With the project having passed at the ballot box, what do you have for options? Thank you Ken From: John Stanbrook <john.stanbrook@whrsd.org> Sent: Wednesday, November 01, 2023 5:06 PM To: Lytle.Kenneth <KLytle@whitman-ma.gov> Cc: John Stanbrook <john.stanbrook@whrsd.org> Subject: Re: FY25 debt payment NOTICE: EXTERNAL E-MAIL This message originated outside of the Town of Whitman E-Mail system -- PLEASE DO NOT CLICK on links or open attachments unless you are sure the content is safe. - Technology Services