The Lewisburg Water and Wastewater Department celebrated the early retirement of a $1,360,970 bond issue at their monthly meeting on Tuesday. “Our goal, with the board’s help, is to reduce the long-term debt. Every manager in every department has done a great job watching our costs and expenses closely,” said General Manager Trigg Cathey...
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account and connect your subscription to it by clicking here.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
The Lewisburg Water and Wastewater Department celebrated the early retirement of a $1,360,970 bond issue at their monthly meeting on Tuesday.
“Our goal, with the board’s help, is to reduce the long-term debt. Every manager in every department has done a great job watching our costs and expenses closely,” said General Manager Trigg Cathey.
In 2013, the utility had $19 million in outstanding debt. The early pay-off of these bonds reduces the system’s debt load to less than $13 million.
Pictured from left; Cathey, city council representative on the board Nicholas Tipper, and water board members Joe Harris and Bill Marsh.
Photo submitted