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County Administrator projects refinancing debt will produce years of savings

August 10th, 2020 by WCBC Radio

Taking advantage of favorable interest rates, the Allegany County Commissioners voted Thursday to begin the process of refinancing all of it’s general obligation debt would could lead to significant savings over the next three to five years. The code home rule bill was introduced during the most recently county meeting with final action expected later this month.  County Administrator/Finance Director Jason Bennett…


2 Responses to “County Administrator projects refinancing debt will produce years of savings”

  1. August 10, 2020 at 8:03 am, Bob said:

    “…would could lead to significant savings…”

    This may be a Freudian slip rather than the usual sloppy writing. There could be a lower interest rate but there would be fees and more years of paying interest. The crafty banksters will outwit our folks again.


    • August 10, 2020 at 9:09 am, mac said:

      > Yeah. You can’t refinance anything and actually save money. Your payments may be less but they are being paid for a longer period of time along with the fees involved.
      It’s smoke and mirrors.


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