
The Geary County Commission has approved the refinancing of the bond issue used to fund the $34 million dollar Geary Community Hospital west wing expansion.
Commissioner Florence Whitebread said there will be cost savings for the county over the period of the bond issue. “And that’s a savings of almost $400,000, which over the years could be a savings of over a million dollars when you take into account the interest earned.” Whitebread added the specific up front savings over the life of the bond issue will total $394, 481.
The County Commission took the action on the bond refinancing on Monday.