Cross post from HatCityBLOG
Danbury, Connecticut, has launched an investor relations website, BuyDanburyBonds.com, in advance of Tuesday’s $39 million sale of bonds and notes.
The sale will include $23.5 million in bond anticipation notes and $15.5 million of general obligation bonds, both competitive. Closing is scheduled for July 18.
Boston-based Bond Link designed the new site, which Danbury Mayor Mark Boughton said is intended to drive participation in the city’s municipal bond financing programs and add transparency for bondholders and potential investors.
The city adopted a $259 million budget for fiscal 2019, with general-fund spending up $6.5 million, or roughly 2.6%. Spending focused on education, public safety, public works and health and human services.
“Investing and developing a cost-effective plan for the delivery of these municipal services has been a necessary, but arduous task,” Boughton said.
Read more about the launch of the city’s latest website and bond sale’s pitch over at the Bond Buyer website.