St. Croix County borrows $3.36 million with Stimulus Act subsidy
The St. Croix County Board voted Tuesday to borrow $3.36 million, using federal "recovery zone" bonds that will result in a true interest rate of about 2.23 percent.
About half the money will be used for building repairs, safety improvements, equipment, computer software and parking lot repairs. The remaining $1.7 million will be used to help the Highway Department catch up on its road repair schedule.
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