Horseshoe Bay will save $421K by refunding bonds

By Lew K. Cohn
Managing Editor

A move by the Horseshoe Bay City Council to issue and sell general obligation refunding bonds will save the city more than $400,000 in interest for the remaining life of the bonds, the city's financial advisor said at Tuesday's regular meeting.

Council members agreed to refund $5.83 million in combination tax and revenue certificates of obligation issued in 2011 and replace them with $5.405 million in general obligation refunding bonds when the original bonds hit their callable date on Feb. 15. …

Find the rest of this story in the Friday, Jan. 24 issue of The Highlander, the newspaper of record for the Highland Lakes. To offer a comment or news tip, email lew@highlandernews.com. To subscribe to the newspaper, call 830-693-4367 or click here to subscribe to our e-Edition online.