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

    lauds bond deal

    BURLINGTON — The mayor of Vermont’s 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 Vermont’s recognition of the city’s improved financial management.

    Weinberger said the deal was the city’s 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
    2 Comments
    MORE IN This Just In
    MONTPELIER — The races might be new, but many of the faces are the same. Full Story
    Rutland Town officials want to ensure businesses pay the town’s 1 percent sales tax. Full Story
    The sole Democrat in the Rutland City delegation is not seeking another term.

    Rep. Full Story
    More Articles