Triple-A rated Columbus, Ohio, saved around $23 million over 20 years by issuing $192 million of Build America Bonds instead of traditional tax-exempt debt last November, the city’s longtime auditor estimated.

Net present savings totaled around $10.5 million, according to auditor Hugh Dorrian. The average life of the bond was 13.5 years, with a swath of the debt maturing in 20 years.

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