City To Save $2.5 Million On Reissue Of Bonds

Tuesday, June 24, 2014

The city is saving $2.5 million by reissuing some of its bonds, finance official Daisy Madison told the City Council on Tuesday afternoon.

Bonds were sold on the $26 million issue earlier in the day. The bonds were for a variety of city capital projects.

Ms. Madison said the city is continually looking at interest on its bonds to see if it makes sense to go back out to get a better rate.

City Council members praised the finance staff for coming up with the savings.

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