County sells bonds to finance road, repair projects
The loan will still have to be repaid, but St. Croix County's financial advisor said the interest rate on a new $3.36 million debt is even better than expected.
"This is the cheapest money that the county has ever seen," said Springsted Inc. Vice President Joe Murray after bond bids were opened last week.
He said he had expected an interest rate of 2.25 percent, but the rate the county will pay is about 1.76 percent.
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