SCBHS asks for Swift County, Benson financial assistance

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By Reed Anfinson
Swift County Monitor-News

Swift County-Benson Health Services unanimously passed a resolution Monday night seeking financial backing that could save it $300,000 in interest payments annually. In all, the interest savings could come to $5 million over the terms of the debt financing.

Those funds could be used to address the need for building and equipment upgrades, the governing board says.

SCBHS is seeking $9.227 million in county general obligation bond backing for the sale of revenue bonds to refinance debt that is currently paying interest rates between 5.49 to 6.24 percent. It is seeking $1.3 million from the City of Benson for capital improvements over the next two years...


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