New bond issues save water/sewer operations $101 million
Written by Miami Today on January 16, 2018
Miami-Dade sold almost $1 billion in water and sewer bonds last month, saving $101 million in debt payment as the department begins its sixth year of a $13.5 billion full system revamp.
Issued were $381.4 million in bonds to pay off outstanding tax-exempt water and sewer system commercial paper notes and make a deposit to reserves, Fitch Ratings said before the bonds were issued, and $548 million in bonds to pay off part of the outstanding 2010 bonds…To read the full story click here
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