Interest rates are ratcheting down as the Fed tries to avoid a total economy meltdown.
That's good news for us here in DG as staff and council wind their way along the stormwater issue. Bids will go out for a financial consultant to shepherd bringing $25 million in bond debt onto the books for stormwater projects.
Interest rates, and bond rates, are at significant lows. Serendipity works, and the luck of timing will save the village millions in interest payments. This is also a great time to take a look at any other bond issues we have out there, with an eye towards lowering the rate and the amount of interest paid.
Good news for DG in the midst of bad news on the economy.
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