New YMCA bill helps save city money

WEST CARROLLTON, Ohio (WDTN) - The West Carrollton City Council agreed to refinance the debt for the local YMCA on Tuesday.

The original terms for the remaining debt of $2.58 million included a 3.17 percent interest rate ending in 2019. The city secured a new interest rate of 1.88 percent also ending in 2019.

“This refinance will result in a total savings of approximately $108,000 during the next seven years, or $15,400 per year,” said Tom Reilly, West Carrollton finance director. “The city is pursuing every available option to save money and stretch the city’s budget,” he said.

In 2012, the city saw revenues decrease approximately $670,000 due to the elimination of 330 jobs at Appleton and reductions in state funding.

The YMCA, located at 900 S. Alex Rd., opened on March 29, 2004. The West Carrollton YMCA currently has 4,169 total memberships and received approximately 15,000 visits in December 2012.