Typically I see the city/school district simply generating new MR for the new constructions.
The only time MR gets reduced is if the city/district is considerate enough to refi to a lower rate.[/quote]
This is exactly what I’ve seen as well. Fortunately some MR’s are actually getting refinanced. My CFD #2 went down almost $1,000 from last year due to them refinancing at a lower rate.
