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Board approves bond round for justice center

Carlton County officials didn't waste any time with the latest round of financing for the new justice center. The call for a sale of $27.5 million in bonds took only 12 days from presentation to final approval at Monday's county board meeting.

PFM, the company the county uses to organize bond sales, had earlier advised that borrowing money would cost more soon due to pressure from the Federal Reserve to raise interest rates to dampen higher inflation rates and uncertainty about how the U.S. economy would continue to perform.

Ten financial groups submitted bids to finance part of the debt for c...

 
 
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