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City to Raise $4M in Municipal Bond Sale

August 15th, 2019 by WCBC Radio

The Cumberland mayor and city council this week voted unanimously to raise nearly $4 miillion  through a municipal bond sale for a wide variety of projects. The $3.8 million, according to City Administrator Jeff Rhodes will be used for many different projects- but the priority items will be a new ladder truck for the fire department as well as a revamped ambulance…

One Response to “City to Raise $4M in Municipal Bond Sale”

  1. August 16, 2019 at 8:32 am, Eric said:

    Why is the City borrowing more money and adding to the debt when things just got back in order? Are tax increases next? This is a really stupid move. STOP CREATING MORE DEBT!

    Reply

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