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Finance director: 2025 bond sales saved taxpayers and use 'TID 10' language preserves reimbursement eligibility
Summary
Germantown’s finance director reported two successful 2025 bond sales that came in under presale estimates, saving roughly $225,000, and explained why the official statement references 'TID 10' even though the district has not been established.
Matthew, the village finance director, told the General Government & Finance Committee that two 2025 bond sales — a taxable sale (2025A) and a nontaxable sale (2025B) for annual capital borrowing — closed below presale estimates. For the 2025A taxable note, Matthew said the village’s true interest cost came in under the presale estimate, saving the village and taxpayers roughly $225,000. The 2025B annual capital borrowing carried a true…
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