Citizens Vote 'Yes' on Bond Refinance Question

Havre de Grace voters overwhelmingly supported a ballot question to refinance the city's debt.

A total of 1,443 voted 'yes' to the question, against 235 'no' votes.

The question read as follows:

Do you approve of the Mayor and City Council of Havre de Grace refinancing the City's debt by authorizing the Mayor and City Council to issue and sell bonds in the aggregate principal amount not to exceed $550,000 in connection with the outstanding City Infrastructure Bond Series 1992 A which was in the original principal amount of $886,400 dollars, but which principal debt is now $550,000, for the purpose of reducing the City's debt obligation?