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Yuma County refinances library bonds, projects $865,000 debt‑service savings
Summary
County CFO reported the Yuma County Library District sold series 2025 bonds to refund 2015 and 2016 debt, producing about $700,738 in net‑present‑value savings (3.3%) and an estimated $865,000 in total debt‑service savings without raising taxes.
The Yuma County Board of Supervisors heard a presentation on Aug. 27 bond sales that refunded older library district debt and preserved rate stability for taxpayers. "We achieved $700,738 in net present value savings," Chief Financial Officer Humberto del Castillo told the board, noting the refinancing exceeded the board’s 3% savings threshold with a 3.3% NPV result.
Del Castillo said…
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