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Council hears plan to refinance $8.14 million in 2018 bonds; staff to bring authorization later
Summary
Financial advisors outlined a plan to refinance about $8.14 million of 2018 general‑obligation bonds, projecting roughly $522,500 in gross savings over the next seven years if market conditions hold; council will consider bond authorization resolutions at a subsequent meeting.
Financial adviser Andy Campbell of Benzinski and Company presented a proposal to refund the City of Jackson’s 2018 capital improvement bonds on Tuesday and estimated meaningful budgetary savings if market rates remain favorable.
Campbell told the council the bonds to be refinanced total about $8.14 million for maturities 2027…
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