The Janesville City Council works to balance the need to complete critical infrastructure improvements while remaining financially responsible with the City’s financial resources.
The Council unanimously approves borrow $17.485 million dollars to pay for those improvements this week.
Finance Director Dave Godek says the lowest bidder was Key Bank Capital Markets at 3.2175 percent.
Godek says the interest rate is 60 basis points higher than last year and 22 basis points higher than what was predicted in April.