The Clark County Treasurer’s Office announced that it expects to save the county $2.1 million by refinancing $24.5 million in bonds.
The limited tax general obligation bonds were used to refinance the county’s Public Service Center and Jail Work Center. The debt will be retired in 2026, and the lower interest rate secured by the treasurer’s office with Bank of America will save the county money over the next nine years, according to a news release.
The savings will be directed to the county’s real estate excise tax fund for infrastructure improvements and the downtown campus development fund for maintenance on the Public Service Center, as well as surrounding county buildings and property.
