Office of the Comptroller

City Sees Savings From Refinanced Bonds

City expects to save about $3.5 million over several years.

January 1, 2012 | 2 min reading time

This article is 14 years old. It was published on January 1, 2012.

Comptroller Darlene Green

In a press release issued last month, Comptroller Darlene Green announced that by refinancing $49.8 million in bonds for the City Justice Center, the City expects to save about $3.5 million over several years.

The debt service savings will add about $1 million to the current fiscal year's budget and reduce debt payments by about $260,000 each year through 2019.

 

Comptroller Darlene Green
City of St. Louis

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