Meridian's city clerk says the city stands to save a million dollars by refinancing bonds.
Ed Skipper says 5-year-old water and sewer bonds are being refunded.
"It's kind of like refinancing your house with a better interest rate," said Skipper. "So, we're taking older bonds with a high interest rate and selling a new bond at a lower interest rate and paying off those old bonds. So, it's going to save us interest."
Skipper says the $1 million will be saved over a fourteen-year period. He says that money will be used for improvements with the city's water and sewer systems.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.