Camden County is benefiting from improvements in their economic stability. Presiding Commissioner Greg Hasty says over the last 2 ½ years, expenses have flatlined or dropped, while revenues are up. Those improvements helped the county secure lower-than-expected interest rates while refinancing the bonds for the justice center. Hasty says they were expecting a 2.75% rate, but it came in even lower.
*Hasty on bonds* “financial condition” ::07
The total cost on the justice center bonds comes to $4.1 million over 20 years.