City: Bond sales yield taxpayer savings
The city of Amarillo is touting recent efforts to secure favorable interest rates that they said equates to saving taxpayer dollars. Officials said the endeavor includes approximately $16 million in debt service savings on the 2016 voter-approved bonds - from what was originally estimated when the propositions were presented to voters.
"It's been a great year for us as far as debt issuances go," Assistant City Manager Laura Storrs said during a presentation before the Amarillo City Council at Tuesday's virtual regular session. "We have been able to secure some really favorable interest rates that save our taxpayers a lot of money."