SHEBOYGAN, WI (WHBL) - Sheboygan County will not be paying as much interest in the future for new bonding for capital improvement projects.
During “Sheboygan’s Morning News” Wednesday, county board chairman Roger Te Stroete said the county’s financial track record helped to get a lower interest rate. He said the "AA2" rating, which puts the county in the top ten percentile in the country, helped to get an interest rate of 2.59, more than three-tenths lower that what was estimated in October. This means the interest for the $14.575 million dollars borrowed will be $300,000 less.
The money will be used to fund for new emergency radio equipment, joint dispatch, road and airport projects, and work at the Health and Human Services building.