Local Government and Politics, News

Improved bond rating saves Lynn $753K

LYNN — An improved credit rating outlook has allowed the city to refinance its bonds, which will result in a $753,903 savings over the 15-year borrowing period, according to Chief Financial Officer Michael Bertino.  The city received five competitive bids from bond underwriters on Jan. 22 for a $7.58 million, 15-year general obligation state qualified…

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