Mayor: Salisbury taxpayers could save 1.6 million dollars

years — because the city has successfully secured an interest rate of one and a half percent on bond debt. city officials say to get a competitive rate — they had to prove to ratings agencies that salisbury had a strong economic picture and was in good overall financial health. job growth — for example — was considered as a factor. salisbury mayor jake day also says — the city has been careful with spending. and with the newly anticipated savings — they want to continue reinvesting in areas like community centers and downtown. 03:14:08 and the truth is the only way we could have done that is we had anticipated these savings and we did, so we worked very hard to secure these savings so that we could reinvest it in projects that people have demanded for a long time 22 according to mayor day — the city has a debt of about twenty million dollars. thats it for now, sports is up next keep it right here this is