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.