Levee Bond Refinancing Exceeding Expectations

A deal was worked out between the Yuba County Water Agency and Yuba County at the end of 2016 to refinance levee bonds issued in 2008. At the time, the deal was expected to save about a half million each year, but recent figures show savings have exceeded officials’ initial expectations. “The savings benefit the entire county as it reduces the County’s and YCWA’s annual debt service obligation, which allows the YCWA to further its flood control objectives in the region,” Mull said. (Read more…)

 

Article by Jake Abbott, Appeal Democrat – Photograph courtesy of Jennifer Bale