Peoria approves up to $41M to patent PIC 2 land, seeks refinancing to cut interest costs Council approved a budget appropriation not to exceed $41 million to complete patent (purchase) of remaining PIC 2 state land; staff said state financing accrues interest and refinancing to government rates could cut interest roughly in half, with projected savings around $7 million over 10 years under current assumptions.

Peoria City Council just approved a groundbreaking $41 million plan to secure vital land, potentially saving $7 million through smart refinancing!

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Notepad with "Budget" text and an "Approved" stamp, colorful charts in the background, a pen, and logos of Watertown, SD, and Northeast Radio SD.

Watertown Council Approves 2026 Budget; Total Drops $10 Million as Major Projects Wrap Up
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#communityfirst #citycouncil #budgetappropriation