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State transportation department says $13.1M was saved by refinancing highway bonds

Officials with the Idaho Transportation Department say the state has saved $13.1 million in interest costs after refinancing bonds designates to improve the state's aging highways. ITD announced Oct. 12 it worked with the Idaho Housing and Finance Association to refinance $101 million of debt by reducing interest rates from 4.5 percent to 2.3 percent. Known as ...

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