Borrowing Rates
With an MBA, professional 40 year career in finance, and as a retired Certified Investment Management Analyst (Wharton School of Business) it was easy to see that interest rates were at historical lows in early 2022. Instead of raising revenues (taxes) I argued for burrowing the $9,490,000 needed for roads.
Staff and the Common Council agreed, locking in a rate of 1.8344% for 10 years. Since then rates have risen dramatically. Saving taxpayers…
