Thursday, March 12, 2009

happiness is....

....good numbers. There are all sorts of ways numbers can be good - weight going down (or up for some people), salaries, house prices. For me right now, the good numbers are the ones I got yesterday on a big bond refunding we did. When municipalities need to borrow money, we sell bonds. Refunding bonds is pretty much like refinancing your mortgage. So, yesterday, we refunded about $30 million in bonds by selling $28.5 million in bonds. We saved $1.8 million dollars on a budgetary basis over the life of the new bonds. It's a 5.1% present value savings - WOO FREAKIN' HOO!! This is providing serious budgetary relief for the next two years - so I'm a very happy camper.

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