Good news for Midland residents and taxpayers, the new road bond is ahead of schedule and is under budget which will save taxpayers money.

According to NewsWest 9, the costs on the road bond were calculated at 4% interest but ended up getting a 3.25% interest rate which over the 25 years will save taxpayers $125,000.

The road bond also is ahead of schedule and construction on roads will begin in the spring.