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
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
  • Department:
    Office of the Comptroller
  • Topic:
    Elected Officials
    Annual Budget and Operating Plan

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.