Salisbury Announces Bonded Debt Savings - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Salisbury Announces Bonded Debt Savings

Posted: Updated:
Presentation of the Bonded Debt Savings Plan in Salisbury (WBOC) Presentation of the Bonded Debt Savings Plan in Salisbury (WBOC)

SALISBURY, Md.- Mayor Jake Day and the City of Salisbury announced Thursday a savings of $1.6 million for taxpayers in Salisbury. The announcement is a a part of the city's bonded debt savings plan. 

For the last several years Day said the city has looked into ways of refunding taxpayers a portion of its debt. Day said this was made possible by securing public refinancing on the city's bonded debt at a 1.55% finance rate.

Day said these savings translate into more re-investments into new and stalled community projects. 

"Your going to see us take on projects that we otherwise wouldn't. For example, last night I was at our bicycle pedestrian advisory committee meeting, they're moving forward with projects that we started years ago, but there wasn't really the implementation monies," Day said. 

Day said the savings in taxpayers dollars will be realized over the next two years. 

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Police Seek ID of Long Neck Theft Suspect

    Police Seek ID of Long Neck Theft Suspect

    12/12/2017 14:31:00 -05:002017-12-12 19:31:00 GMT
    Tuesday, December 12 2017 2:31 PM EST2017-12-12 19:31:57 GMT
    Video surveillance photo of theft suspect. (Photo provided by Delaware State Police)Video surveillance photo of theft suspect. (Photo provided by Delaware State Police)
    Delaware State Police are asking the public’s help in identifying a woman accused of stealing from a customer at a supermarket in Long Neck.More
    Delaware State Police are asking the public’s help in identifying a woman accused of stealing from a customer at a supermarket in Long Neck.More
  • 12 Governors Urge Congress to Fund Children's Health Program

    12 Governors Urge Congress to Fund Children's Health Program

    12/12/2017 13:31:00 -05:002017-12-12 18:31:00 GMT
    Tuesday, December 12 2017 1:31 PM EST2017-12-12 18:31:32 GMT
    (Photo: MGN)(Photo: MGN)
    Twelve governors of both parties are urging Congress to reauthorize funding for a popular children's health insurance program as soon as possible.More
    Twelve governors of both parties are urging Congress to reauthorize funding for a popular children's health insurance program as soon as possible.More
  • Georgetown Man Charged With 6th Offense DUI

    Georgetown Man Charged With 6th Offense DUI

    12/12/2017 10:13:00 -05:002017-12-12 15:13:00 GMT
    Tuesday, December 12 2017 10:13 AM EST2017-12-12 15:13:53 GMT
     Lance Q. Perry Lance Q. Perry
    Delaware State Police say a Georgetown man with five DUI convictions has been arrested again on charges of drunken driving.More
    Delaware State Police say a Georgetown man with five DUI convictions has been arrested again on charges of drunken driving.More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices