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HomeMy WebLinkAbout1977 10-10 Saves $300,000 THE REVIEW ©C T��� 1$�� Saves $3OO,OOO by Anne Skinner in advanced refunding bonds which will in effect,be used to refinance an older bond In an unanimous vote, the Maplewood issue, sold at a higher interest rate. City Council recently approved a proposal According to Finance Director Dan to advance refund an issue of bonds—a Faust, the move will save the taxpayers move that is expected to save the city "$342,695.The net result will be lower tax about $300,000. levies for debt service over the next 20 The council approved sale of$4,815,000 years," he noted.