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Issuing Of Bonds To Save County A Million Dollars

February 19th, 2013 by WCBC Radio

By refinancing part of the county’s debt by issuing bonds at a lower interest rate, the Allegany County Commissioners hope to realize about a million dollars in savings. The Commissioners approved a resolution last week to allow the refinancing to go forward- and the action will refinance various bond issues from 2001, 2004 and 2006. County Finance Director Jasonā€ˆBennett said at this point not all of the specifics are known- but those will become more clear this week when he meets with bond rating agencies, hoping to maintain or improve the county’s current rating…

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