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Interest reduction saves Havre $2 million

Action by the Montana governor will save the city of Havre nearly $2 million in a project to upgrade its wastewater treatment plant.

A press release from the governor’s office issued Friday said Havre will save $1,918,464 in interest on a $4.8 million loan from the State Revolving Fund Loan Program due to the governor reducing interest on loans from the fund.

Tim Solomon said this morning that he is looking into what this means to Havre. He did not want to comment on the matter until he knew more about the issue.

Gov. Steve Bullock announced earlier this year he was reducing the rates...

 

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