The Town of Normal is on track to save just over one million dollars over the next two decades, after voting to refinance some of its debt. The council approved refunding bonds to reduce the interest rate, saving about $52,000 per year. The bonds are set to be paid off in 2039. A total of about $1.15 million will be saved. The council also approved spending about $50,000 in funding over the next three years for the McLean County Small Business Development Center.
Tuesday, December 19, 2017
Normal Debt Refinancing
The Town of Normal is on track to save just over one million dollars over the next two decades, after voting to refinance some of its debt. The council approved refunding bonds to reduce the interest rate, saving about $52,000 per year. The bonds are set to be paid off in 2039. A total of about $1.15 million will be saved. The council also approved spending about $50,000 in funding over the next three years for the McLean County Small Business Development Center.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment