Buffalo's bond rating has gone up and that showed up on Tuesday when interest rates on city loans went down.
In three different deals, the city borrowed $41 million and paid interest rates homeowners can only dream about.
City Comptroller Mark Schroeder says the deals reflect Wall Street's improving views of the city and its future prospects.
That shows up in the key borrowing, bonds for the city's annual capital projects totaling nearly $22 million.
That borrowing cap is set by the comptroller, reflecting a series of financial numbers, like the city's total debt.
With the lower interest, the comptroller says the city might be able to have a larger capital program next year
Schroeder says the really good news is that people fought to loan the city money.
"We're really excited about what took place and feel it's going to be more of the same going forward," Schroeder said.
The third loan was a refinancing of a past loan which carried a 2.25 percent interest rate, less than half of the rate when the loan was first taken out.
