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Treasurer reports $1M-plus from auction, successful bond sales and borrowing costs
Summary
Treasurer-Collector Martin Brophy told the Finance Committee Brockton realized slightly more than $1 million at a recent real-property auction, completed a bond sale at sub-4% rates and issued temporary borrowing for the public safety project at about 4.9%.
Treasurer-Collector Martin Brophy told the Finance Committee on June 16 that proceeds from a recent real-property auction exceeded $1 million and that the city executed recent debt transactions at competitive rates.
Why it matters: Auction proceeds and debt-market performance affect the city—s liquidity and cost of capital for projects…
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