Comments Off on Council saves nearly $650,000 by refunding municipal bonds | Local | dailystarjournal.com

Council saves nearly $650,000 by refunding municipal bonds | Local | dailystarjournal.com

Posted by | November 16, 2017 | Aquatic Center

JACK “MILES” VENTIMIGLIA Editor

Warrensburg – Because Warrensburg moves faster than Washington, refunding the city’s 2009 and 2010 certificates of appreciation is expected to save money.Refunding, much like refinancing a house, will save nearly $648,000, city bond counsel Jack Dillingham of Piper Jaffray told the City Council on Monday. Taken together, the certificates are worth more than $8 million.“We’ll refund them to get a lower interest rate,” Finance Director Matthew Lue said.  Read more…

Source: Council saves nearly $650,000 by refunding municipal bonds | Local | dailystarjournal.com