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City Reserves and 2012 Street-Paving Loan
New Carrollton, MD
Summary
The city still owes about $655,000 on a 2012 street-paving loan at 2.9% interest and has paid roughly $470,000 in interest so far. The Council will consider paying it off early at Wednesday's meeting.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 2, 2026.
Impact analysis
💰Financial impact
Prepaying could save thousands in remaining interest on the $1.7 million original loan.
✅Who benefits
Taxpayers, if early payoff saves interest costs.
Mentions & discussions (1)
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