Beloit sells general obligation bonds
He says the city's recent A+ rating by Standard and Poors certainly helped to get that low rate.
The city will also be using about $4 million in left over "bid America bonds" from a $10 million allocation to Rock County. He says the county only used $6 million and the city applied for, and received the remaining money.
Van De Bogart says that's the first time that's been done by a municipality in Wisconsin.