The Watertown City Council has approved a 25-year bond for $5.5 million to fund its sewer project, but the city will first have to put the bond in the market.
Back by popular demand, the Brentwood Historic Commission and Southern Innovative Paranormal will host two nights of paranormal investigations at Ravenswood Mansion Oct. 25-26.
March 13, 2021
Springfield Leaders Save Over 2Mil By Debt-Refi
SPRINGFIELD TENNESSEE: (Smokey Barn News) – The City of Springfield recently announced they have refinanced a portion of the city’s outstanding debt to a lower interest rate in the bond market. According to the city, the refinancing resulted in the interest rate (on some of the city’s prior bond issues) went from 3.23% to 1.71%. Over the life of the bonds, accumulatively, the city will save $2,017,094, through the final maturity of 2039.
“This is just one example of the financial management team of the City of Springfield, in coordination with the Springfield Board of Mayor and Aldermen, seeking the best and most affordable ways to provide essential services in the city,” said Mayor Ann Schneider.