DollarsSaving tax dollars often requires difficult choices and trade-offs, but sometimes it’s just a matter of being alert to opportunities.  In recent years, the City has taken advantage of low interest rates to refinance municipal debt and reduce our annual payments.

The latest example: last week, our Finance Department sold $10.6 million of general obligation refunding bonds, replacing higher interest bonds that had been issued in 2005.  Over the next nine years, this will save taxpayers $1,346,000 or about $150,000 a year.