WilCo votes to pay off $10 million in debt

Williamson County Commissioners opted to pay down $10 million in debt Jan. 26 and refinance current debt that could save the county more than $11 million in future interest payments. The commissioners voted to pay down $10 million from a bond issued in 2006. The money was allocated to pay off debt in this year’s budget. The move will save the county close to $5 million in future interest payments, said Dan Wegmiller, a financial adviser contracted by the county. The county also voted to refinance $75 million in existing debt by resetting the interest rate down to 2.34 percent. The […]

The post WilCo votes to pay off $10 million in debt appeared first on Community Impact Newspaper.

Source: Community Impact- Round Rock