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County Refinancing Bonds

Geary County Commission Chair Florence Whitebread.
Geary County Commission Chair Florence Whitebread.

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.

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