Treasurer Lynn Fitch said that steps taken by the Bond Commission will refund and restructure nearly $450 million in outstanding State bonds and save Mississippi taxpayers over $34 million.
“The Bond Commission pays close attention to the financial markets so we can take advantage of favorable market conditions to save Mississippians money,” said Treasurer Lynn Fitch. “Today’s refunding not only eliminates the need for a deficit appropriation for debt service in FY 2018, but also saves taxpayers millions throughout the remaining life of the bonds.
This week Treasurer Fitch and Governor Phil Bryant are in New York for the annual meetings with analysts from the top three credit rating agencies.
In Treasurer Fitch’s first terms in office the Bond Commission saved taxpayers $69 million.