ARP, Texas — The Arp ISD school board recently voted for a resolution that will pay down $1 million in debt.
Mike Alzamora, the communications coordinator for Arp ISD, released a statement announcing the district will pay down $1 milion on a portion of the 2015 junior high school bond series. He said the decision, which came from a resolution passed by the Arp ISD school board, will save the district more than $524,000 in interest.
"Our ability to reduce the debt on the junior high school facility bonds gives us even more financial opportunity to improve and strengthen our school district for many years to come,” Arp ISD superintendent Shannon Arrington said in a statement Wednesday.
In 2021, Arp ISD paid off a portion of the 2002 high school bond series four years early. The decision saved the district $32,775 in interest — now, the district is posed to do it again.
“Thankfully, over the last several years, Arp ISD has been able to complete over $2.5 million worth of upgrades to our existing school facilities, thus providing students with valuable resources to enhance their education experience, and raising and incentivizing staff salaries, all while strengthening our financial standing," Arrington explained.
Alzamora added that, though funding for public schools in Texas remains uncertain, the Arp ISD administration is figuring out a way to thrive with the support of its school board so it can can give students and staff "more of what they deserve education-wise, and employment-wise respectively."
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