New Rochelle Saves $1.35 Million over Nine Years from Bond Sale

New Rochelle officials announced Tuesday that the city will save more than $1.3 million over the next nine years by essentially swapping higher interest bonds for lower interest ones. The city sold $10.6 million of "general obligation refunding bonds" to replace "higher-interest 2005 Series A general obligation bonds."



via New Rochelle Newswire http://ift.tt/1sdlRlm?