Auditor Landon is announcing the City of Marion has successfully refinanced bonds which will save the City $2.2 million over the next decade. Through the successful refinancing, the City of Marion will increase its annual savings.
“The successful refinance of the City’s bonds was a team effort. We would like to thank Deputy Auditor Marden Watts, the Mayor’s Administration, City Council, and our bond counsel and public finance advisors for their arduous work and collaboration on this important effort to save money,” Auditor Landon said.
Many municipalities rely on bonds and by completing this refinance we will be better positioned to serve the residents of the City of Marion.