City Refinancing Bonds To Save Taxpayer Money
LINCOLN -- The city of Lincoln is refinancing bonds and saving taxpayers and rate payers a whole lot of money. More than $11 million dollars, to be exact. The city refinanced almost $93-million in bonds during the past six months for four programs... wastewater, highway allocation, water and general obligation. The money saved could do one of two things... pay for most of the city's aquatic program for a decade or drop the property tax rate by 0.66 cents.