St. Louis News

 

East St. Louis Out Of Debt

East St. Louis Out Of Debt

The city of East St. Louis can say something most cant, its out of debt.  Yesterday, Mayor Alvin Parks announced the city had made its final repayment on a 20-plus-million-dollar bond and will no longer be labeled as financially distressed.  The bond was issued in 1994 by the Illinois Finance Authority to pay for the city’s day to day operations.    

 

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