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Treasurer Beth Pearce announces successful bond sale | Vermont Business Magazine


Mon, 05/24/2021 - 10:02am tim
Vermont Business Magazine Vermont State Treasurer Beth Pearce today announced that $153.3 million in State General Obligation bonds were successfully sold last week in three separate series, generating proceeds of $183.1 million, including a premium of $29.8 million. The bonds were issued to fund new capital projects and to refinance existing debt with lower interest rates. 
The refinancing portion of the transaction saved the taxpayer over $7.6 million in borrowing costs on a net present value basis.
Additionally, the Series A new capital projects portion of the bonds raised $98.8 million in proceeds and was issued at an attractive true interest cost of 1.43%, while the true interest costs for the shorter Series B and C refinancing bonds were 0.63% and 0.66%, respectively. ....

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Don Turner: The Vt. legislature's irresponsibility on pensions


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The last thing you do in the middle of a crisis is kick the can down the road. Yet, that’s exactly what the legislature just did on Vermont’s mounting pension liabilities.
Earlier this year, State Treasurer Beth Pearce delivered a long overdue message to the legislature — calling for painful cuts in order to keep the state employees’ and state teachers’ pensions operation. This comes years after resisting calls for structural reform to the pension system.
However, the treasurer deserves recognition for having the courage to at least present a plan. The legislature did too — with leadership in the House Government Operations Committee unveiling its own similar plan. ....

United States , Jill Krowinski , Molly Gray , Becca Balint , Beth Pearce , House Government Operations Committee , State Treasurer Beth Pearce , President Pro Tem Becca Balint , House Speaker Jill Krowinski , Governor Scott , Treasurer Pearce , Social Security , ஒன்றுபட்டது மாநிலங்களில் , மாலீ சாம்பல் , பெக்கா பாலிண்ட் , பெத் பியர்ஸ் , வீடு அரசு செயல்பாடுகள் குழு , நிலை பொருளாளர் பெத் பியர்ஸ் , ப்ரெஸிடெஂட் ப்ரொ டெம் பெக்கா பாலிண்ட் , கவர்னர் ஸ்காட் , பொருளாளர் பியர்ஸ் , சமூக பாதுகாப்பு ,