Lending funds from Swift County reserves could be win-win move

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By Reed Anfinson

Publisher
Swift County Monitor-News

As Swift County’s Board of Commissioners debated ways in which it could financially assist Swift County-Benson Health Service with restructuring its debt to possibly saving $300,000 annually, an idea was suggested that could be a win-win for both entities.

March 3 the Federal Reserve cut interest rates by a half-percentage point in response to economic fears about the impact of the coronavirus. The rates are now in the range of 1.0 to 1.25 percent. It was its first emergency rate cut since the Great Recession of 2008...

 

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