HUMBOLDT — Humboldt’s financial picture got a whole lot rosier Monday night when city council members approved the reissuing of about $1.5 million in bonds.
The action means a savings of about $371,000 on the $1.5 million debt it owes, and cuts six years off the payment schedule, with the last payment due in 2045.
The interest rate on the bonds will go from 3.51% to 2.2%. For the city, that means an 18.5% savings on its overall payment.
Stay connected to the stories and events that make your community a special place to call home.
New subscribers only. You can cancel at any time.