State sells bonds to finance capital projects

Vermont has sold $106.1 million in bonds in two separate offerings, generating proceeds of $117 million — including a premium of $10.9 million — to finance improvements to state buildings and grounds, investments in IT infrastructure, and dollars for housing and conservation initiatives.
Vermont bonds have the highest bond ratings of any Northeastern state, said Beth Pearce, the state treasurer.

“The continued strength of Vermont’s bond offerings enables the state to reduce the cost of borrowing for critically important projects across Vermont, like improving the health of our rivers, lakes and streams, buildings, and other capital projects. These investments generate economic activity that creates high paying jobs for Vermonters.”

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