County saves $1M with jail refinancing

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  • The Burnet County Jail was built in 2007 through a public facilities corporation at a cost of $35.5 million with general obligation bonds; no taxpayer money was used to build the jail facility. File photo
    The Burnet County Jail was built in 2007 through a public facilities corporation at a cost of $35.5 million with general obligation bonds; no taxpayer money was used to build the jail facility. File photo
Burnet County got an early Christmas gift on Dec. 16 with the refinance of the 2015 jail bond series — a move expected to save the county more than $1 million in interest payments. “The first five years of the bond issue were uncallable, but after that window was over, we were able to take advantage this year of lower interest rates and that will come out to just over $60,000 per year in…

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