Kyle reduced its debt by

Kyle reduced its debt by almost two percent after this fiscal year’s second-quarter payments.

As of March 31, Kyle’s principal debt totaled $66.72 million, a $1.355 million reduction from 2013 Fiscal Year’s first-quarter numbers, Finance Director Perwez Moheet told council members at their April 16 meeting.

Interest payments made in the same reporting period totaled $1,114,918, for a $2,469,918 total second-quarter debt repayment.