Gov. interest reduction saves Havre $2 million

Action by the Montana governor will save the city of Havre nearly $2 million in a project to upgrade its wastewater treatment plant.

A press release from the governor’s office issued today says Havre will save $1,918,464 in interest on a $4.8 million loan from the State Revolving Fund Loan Program due to the governor reducing interest on loans from the fund.

Gov. Steve Bullock announced earlier this year he was reducing the rates in the revolving fund as well as asking the Legislature in its next session to approve $45 million in grants for communities in eastern Montana struggling with rapid...