State saves $4.8 over 15 years after refinancing bonds
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State saves $4.8 over 15 years after refinancing bonds

Date: October 3, 2013
By: Matt Kalish
State Capitol Bureau

Intro: 
Some state agencies will have a little more spending money this year after the state gets a break on its bonds.
RunTime:  0:35
OutCue:  SOC

Wrap: Governor Jay Nixon announced on Wednesday 900,000 dollars this year in savings and 4.8 million dollars in savings over the next fifteen years due to the state refinancing some of its bonds.

The state has gained 15.6 million dollars this year from bond savings.

Administration office spokeswoman Wanda Seeney wasn't sure where the money will be going.

Actuality:  OAMONEY.WAV
Run Time:  00:06
Description: "The 900,000 dollar savings will be taken into account as we assess the overall budget situation."

Nixon credited the state's ability to balance the budget and its triple A credit rating for the savings.

Reporting from the state capitol, I'm Matt Kalish.

Intro: 
The state will be saving thousands of dollars this year but the Office of Administration isn't sure where the money is going.
RunTime:  0:40
OutCue:  SOC

Wrap: Governor Jay Nixon announced the state was able to refinance its bonds providing 900,000 dollars in savings this year and 4.8 million dollars in savings over the next fifteen years.

But officials say they don't know where the thousands of dollars in savings are going.

Administration office spokeswoman Wanda Seeney says the budget office hasn't decided yet.

Actuality:  OAMONEY.WAV
Run Time:  00:06
Description: "The 900,000 dollar savings will be taken into account as we assess the overall budget situation."

Nixon contributed the refinance to the state's balanced budget.

This comes after the state's highest court ruled Nixon has the right to withold funds to keep the budget balanced.

Reporting from the state capitol, I'm Matt Kalish.

Intro: 
The Missouri budget is about to get a hefty sum of cash after the state refinanced some of its bonds
RunTime:  0:36
OutCue:  SOC

Wrap: An extra 900,000 dollars will be going into this year's state budget after the state was able to refinance some of its bonds.

A day after Governor Jay Nixon announced the savings administration office spokeswoman Wanda Seeney is not sure where the money will be going.

Actuality:  OAMONEY.WAV
Run Time:  00:06
Description: "The 900,000 dollar savings will be taken into account as we assess the overall budget situation."

The state will also save 4.8 million dollars over the next 15 years as a result of the move.

Overall the state has brought in an additional 15.6 million dollars this year through bond refunds or refinancing.

Reporting from the state capitol, I'm Matt Kalish.


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