Published: Jul 27, 2011 9:43 PM EDT
Updated: Jul 27, 2011 7:57 PM EDT

LEE COUNTY, Fla.- Lee County is making good on millions in bonds for a trash sorting facility and they're now passing the savings onto residents.

Nearly two decades after the county took out a more than a $350 million bond to pay for a landfill and waste energy plant on Buckingham Road, the debt has been paid off early. Now, the county is passing those savings onto residents.

The county is cutting trash fees by 7percent for residents in unincorporated Lee County, Bonita Springs and Fort Myers Beach. On average, households will save nearly $20 a year. The cuts are roughly $9 million in money that would have gone to service the bond.

Businesses on Fort Myers Beach welcomed the rate reduction. Commerical properties will see bills slashed by 22 percent.

The county says going with competing bids for multiple companies to pick up trash also equaled savings.

The new trash rates go into effect in October.