BROOKINGS - Property tax payers will be paying less to the city thanks to the pay-off of a bond. A General Obligation Bond, issued years ago for sewer system improvements, has officially been paid off. The previous tax rate was set to generate revenue for the voter-approved bond. The rate has been in decline for several years and has now hit zero. The city made the final payment this month. They will continue to make payments on several other loans from sewer plant upgrades to fire equipment purchases. As of June 30, the city’s total debt was more than 16 million dollars.
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