• Burlington mayor says bond deal good for Vt. city
    January 11,2014
    • Email Article
    •  Print Article
    Burlington mayor

    lauds bond deal

    BURLINGTON ó The mayor of Vermontís largest city says a deal to refinance a $14.6 million wastewater bond will save Burlington taxpayers millions of dollars in interest payments over the next 20 years.

    And Mayor Miro Weinberger said the deal announced Thursday signals the state of Vermontís recognition of the cityís improved financial management.

    Weinberger said the deal was the cityís first sale through the Vermont Municipal Bond Bank Bond general bond pool.

    The bond bank provides Vermont municipalities, school districts, and fire districts with access to long-term bond financing at low interest rates.

    The city said that without the bond bank, the city would have had to seek alternative funding at higher interest rates, which could have resulted in up to $4.8 million in additional interest spending over 20 years.
    • Email Article
    •  Print Article
    MORE IN This Just In

    WEST HARTFORD — A teenager was killed and another person was critically injured when... Full Story

    One dead, one critical after train mishap
    Police in Rutland are looking for three people accused of taking about $1,000 worth of winter... Full Story

    Officials in two districts at the Rutland South Supervisory Union are proposing large cuts... Full Story

    More Articles