The City of Robinson is trying to handle tax dollars responsibly by taking advantage of the current financial market and refinancing $5.8 million in bonds.
By doing so, the city got average interest rates down to 2.262 percent. The previous rates were between 3 percent and 4.25 percent. The change will save the city $432,993 in the next twelve years, a city spokesperson said.
"Saving money is always an easy decision to make," City Manager Craig Lemin said in a press release.
Two of the bonds were issued in 2007 and 2010 and are related to infrastructure.