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Tag: Interest rates

Written by Diane Benjamin - editorAugust 12, 2021

Why is Normal paying higher interest rates than Bloomington?

By: Diane Benjamin The Town of Normal loves to brag about their AAA credit rating, even though only Fitch has them AAA. Fitch is the smallest rating agency, so that’s like a kindergartener saying you are the best person ever. Recently Normal decided to finance a new fire vehicle instead of paying cash. The interest […]

Written by Diane Benjamin - editorSeptember 10, 2020

Normal’s Bond debt – VISUAL

By: Diane Benjamin http://normal.org/DocumentCenter/View/17188/CAFR20-FINAL-DOC See the below on PDF pages 177 and following. The only good news is the first one will be paid off next year. I added the interest rates in the lower left corner. The loans with no payments for many years carry high interest rates likely for that reason. This isn’t […]

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