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Freed: City’s bond issue to pay down pension debt took ‘political courage’

MARCH 9, 2020 | by Jackie Smith | TIMES HERALD (MICHIGAN)

By Jackie Smith, includes ‘Port Huron officials said Wednesday that the sale of pension obligation bonds this week will save the city’s taxpayers tens of millions of dollars over the next three decades. … ‘What does that savings look (like) over the next 30 years? In the current trajectory, this is projected to save the citizens of Port Huron north of $87 million,’ he said. …”

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