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Bond Refinance To Save Over One Million in City Dollars

Mayor Jeff Griggs announced the City of Lexington saved in excess of $1 million by refinancing outstanding debt.  
Photo By: W. Clay Crook / The Lexington Progress

Release –

Mayor Jeff Griggs has announced that actions taken by the Board at the December 2017 meeting to refinance some city debt has resulted in additional savings. City Recorder and CFO, Sue Wood, at the December meeting, presented information to the Board to refinance approximately $7,365,000 in outstanding debt and anticipated $500,000 in savings over the next fifteen years. However, by the time…

For complete coverage, see the February 6th edition of The Lexington Progress.

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