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Last updateSat, 20 Dec 2014 5pm

State refinances bonds, will save $4.8 million over 15 years

JEFFERSON CITY - Two days after the Missouri Supreme Court ruled Governor Jay Nixon can withold money to keep the budget balanced, Nixon announced the state will get additional revenue this year.
Nixon announced that the state will be saving $900,000 this year and $4.8 million over the next 15 years. The state was able to refinance some of its bonds and achieve the savings, according to Stacey Neal, Director of the Office of Administration's Accounting Division.

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