Source: Akron City Council approves debt refinancing
Originally published on Tue, 12 Dec 2006 08:01:00 GMT
It is odd to see a city refinancing a loan (bonds) that does not relate to other fiscal problems. However it makes perfect sense. People routinely refinance a loan when the interest rates drop. Maybe because bond interest rates are a little more stable (business-types like stability) than say home mortgage rates you don't hear about it.
Good to see someone in government applying the same common sense normal people use.