City hits homer on bond refinancing
HAMILTON - The choice to re-enter the bond market in hopes of lowering interest rates has resulted in an out-of-the-park homer for the Hamilton City Council.
When it voted to refinance the 2014 bond issue in July, it was estimated the city would save about $400,000. Instead, financial officers were able to secure savings of more than $645,000, earning commendation from the city’s bond counsel, Rod Kanter.