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County sells bonds to finance road, repair projects

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The loan will still have to be repaid, but St. Croix County's financial advisor said the interest rate on a new $3.36 million debt is even better than expected.


"This is the cheapest money that the county has ever seen," said Springsted Inc. Vice President Joe Murray after bond bids were opened last week.

He said he had expected an interest rate of 2.25 percent, but the rate the county will pay is about 1.76 percent.

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Judy Wiff
Judy Wiff has been regional editor for RiverTown’s Wisconsin newspapers since 1996. She holds a bachelor’s degree in journalism and sociology from UW-River Falls. She has worked as a reporter for several weekly newspapers in Wisconsin.
(715) 426-1049