Illinois city to issue bonds to refinance unfunded pension liabilities
Posted On: May. 19, 2022 10:11 AM CSTThe city of Dixon, Illinois, is continuing the process of issuing up to $22.75 million in bonds to refinance the bulk of its unfunded pension debt, SaukValley.com reports. The Dixon City Council is hoping refinancing of its unfunded police and fire pension liability will lead to saving more than $5 million over the next two decades.