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By Joe Block 

Village of Prairie du Sac sells $1 million in bonds to fund construction

 

February 28, 2019



The Village of Prairie du Sac sold $1.205 million in general obligation bonds for upcoming public works projects at their meeting two weeks ago.

The 7 bids ranged from 2.4 to 2.59% interest, a difference of roughly $12,000. The low interest rate means the village will end up paying $1.44 million once the bonds are paid off. $15,000 in costs for issuance was removed during the sale.

The $1.5 million project cost was offset by $390,000 in previously borrowed funds, $360,000 in a grant, and $268,000 in a general fund balance.

Homeowners will see steadily dropping taxes despite the village taki...



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