That means higher interest rates on any money the city borrows to keep itself running through the end of this year.

Despite their objections, the city borrowed the money at 5 percent interest, agreeing to repay it in five years.

So far, at least the city is not borrowing to pay its day-to-day bills.

But since the law requires a general reserve of at least $100 million, the city would borrow to raise that amount.

"It means the city can borrow a little more cheaply and does not have to pay quite as high interest rates," he said.

Under the compromise plan, the city will borrow $3 billion and make payments earlier through its operating budget.

The notes mature in three and a half years, but the city will borrow money over an 18-month period as it is needed.

And so the city borrowed heavily to rebuild itself, especially in the late 1980's.

The city of Ocala today borrowed the name from the village.

Unfortunately, the city can't borrow indefinitely to fund the program.