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Front Page » Breaking News » Transit surtax refunding bonds to next county big saving

Transit surtax refunding bonds to next county big saving

Written by on March 19, 2019

In a move that will save Miami-Dade almost 10 cents for every dollar outstanding, county commissioners this month OK’d issuing up to $265 million in transit surtax refunding bonds to repay bonds issued in 2009.

The Series 2019 bonds, which will replace the 10-year-old debt, will generate net savings of about $24.4 million, or 9.68% the amount of those refunded, a March 5 memo from Deputy Mayor Ed Marquez states…To read the full story click here

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