Indiana Bond Bank closes bond sale for low-cost Hoosier communities

Image by pasja1000 from Pixabay The Indiana Bond Bank has closed a nearly 29-million-dollar pooled bond sale to provide low-cost financing for Hoosier communities. By bundling loans from multiple local governments, the Community Funding Resource Program reduces borrowing costs for smaller and rural units. State Treasurer Daniel Elliott says the program ensures more tax dollars stay local to fund critical infrastructure like roads and water systems while maintaining a high double-A-plus credit rating.