Proposed Bonds Could Save Muskingum Cty. Over 200k

Proposed Bonds Could Save Muskingum Cty. Over 200k

by Mark Bullion on November 7, 2011 at 6:37 am

The Muskingum County Commissioners are continuing to look for ways to save the county money.

Monday afternoon, commissioners met with representatives from Fifth Third bank to discuss several proposals on refinancing some of the county’s bonds since interest rates are low.

"That’s why were looking at the possibility of savings over the amount of time of our current loans versus current bonds versus what they could reissue or refinance for us," said Muskingum County Commissioner Jerry Lavy.

Commissioners have not decided which one of two proposals they would go with but the savings either way will rack up to over 200,000 dollars over a ten year period.

"Any time you look at the possibility of savings like that over the period of time, it’s worth looking into," added Lavy.

Commissioners are expected to make a decision by December 1st.