County Executive Jan Gardner announced that Frederick County Government received $2.6 million in savings on Wednesday in a refinancing of bond debt. The refinancing is over a million dollars more in savings than originally anticipated.
“As I said in my annual report, Frederick County’s strong financial outlook means real savings for our residents. We saw phenomenal savings from this negotiated sale of refinanced bonds, resulting in millions of dollars of savings for taxpayers,” commented Executive Gardner. “Our long-term conservative approach to budgeting and strong management of county government has saved taxpayers substantial money. I am proud to be protecting the taxpayers and delivering savings.”