The Office of Administration Friday announced that Governor Eric Greitens and the Board of Public Buildings approved a $77 million bond issuance for the completion of ongoing higher education capital improvement projects across Missouri. The state was able to secure a lower interest rate on the bond sale than expected, saving $2 million for Missouri taxpayers.
“I promised our citizens I would act as a budget hawk to protect your money. I promised I would make tough decisions to balance our budget,” said Governor Greitens. “And today, those tough decisions are paying off in the form of millions in savings. This is a major win for Missouri taxpayers.”
“Our budget and accounting teams work tirelessly to wisely spend the money entrusted to us by Missouri taxpayers,” Office of Administration Commissioner Sarah Steelman said. “Every dollar we can save by securing lower interest rates for long-term debt obligations is a dollar that can be better spent on a higher priority.”
Missouri remains one of just a few states in the nation with a AAA credit rating, which was reaffirmed ahead of today’s bond issuance.