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Charles City saving nearly half million dollars through lower interest rates

Charles City, Iowa – Charles City is one of 18 communities who’s saving a total of $6.2 million dollars through  previous water quality projects.

The Iowa Finance Authority is reporting Charles City’s cut is $511,137.50.

According to City Administrator Steve Diers, the money is coming from a loan that helped upgrade the drinking water plant.


The state adjusted the interest rates which Diers says more savings means more money.


The state revolving fund is one of Iowa’s primary sources for financing projects designed to improve Iowa’s water quality.


Chris Berg

Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki, daughter Brynlee and son Jaxon.
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