RISD reaps $1 million benefit from 2006 ‘swap’ agreement
Rockwall County Herald-Banner. The Rockwall Independent School District entered into a financial agreement in 2006 that has turned into a million-dollar benefit.
“I will tell you, this thing is working exactly as it was planned back four years ago and has done well,” Mike Singleton, the school district’s chief financial officer, told school board members Monday night.
“This is really good news,” he added. “We can cash in a million dollars and bring it in for our debt service fund and use that to keep our tax rates down and use for our finances.”
