"Refunding of 2014 and 2015 Bonds - this is essentially refinancing these bond issues and is projected to yield about $2.2 million in savings."
With interest rates quite a bit higher than they were in 2014-2015, I guess I don't understand how refinancing generates savings.
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"Refunding of 2014 and 2015 Bonds - this is essentially refinancing these bond issues and is projected to yield about $2.2 million in savings."
With interest rates quite a bit higher than they were in 2014-2015, I guess I don't understand how refinancing generates savings.