City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year

By John McNamara The Stewart administration is shifting $6 million from a scheduled payment on the city's rising municipal debt--- creating an election year windfall to avert yet another tax increase.  The Common Council approved what representatives of William Blair & Company, the city's bond counsel, called a "re-structuring" of  a $28 million bond at a special meeting … Continue reading City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year