CHICAGO — Milwaukee takes bids Tuesday on $62 million of taxable general obligation promissory notes that will put the city on a path toward reducing interest charges on its annual pension payments while eliminating volatility in the size of annual payments, according to comptroller Martin Matson.

The notes mature in February 2018. Public Financial Management Inc. is advising the city and Katten Muchin Rosenman LLP and Hurtado SC are co-bond counsel, said the comptroller public debt specialist Richard Li.

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