Jun 9, 2008

Troutdale's Refinanced Bonds Save City $394K

City of Troutdale Finance Director Paul Hughes announced that the City of Troutdale refunded its 1994 General Obligation Bonds resulting in a $394,000 savings to the city and Troutdale's taxpayers over the remaining life of the bonds. In other good news, the day before the G.O. Bonds were refunded, Moody's Investor's Service informed the city that our bond rating was upgraded from an A2 to A1.

Congratulations to Paul and the rest of our city staff for a job well done.

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