Mayor Collier signs contract to save nearly $800,000 through refinancing

The City of Lawrence is pleased to announce it has officially refinanced 2009 municipal sewage works bonds through the Indiana Bond Bank.  This allows Lawrence to reduce debt service by $790,000 - more than 20%. “We believe in managing our budget the same as our residents manage their household budgets.  And just like many homeowners are refinancing their mortgages in this low interest rate environment, we had the opportunity to do the same, saving taxpayers nearly $800,000 in interest payments”, said Mayor Steve Collier.