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Financial advisor reviews past refinancings, explains 2020B conversion and updated sales tax projections
Summary
Raymond James financial advisor Greg Varenberg briefed the Miami County commission on municipal refunding mechanics, savings achieved in prior refinancings and the action before the board to convert interest on PBC Series 2020B bonds from 3.5% (taxable) to 2.6% (tax‑exempt).
Greg Varenberg, municipal financial advisor with Raymond James, reviewed the county's prior bond refundings and explained the technical steps behind the resolution the board adopted to convert interest on the Public Building Commission Series 2020B refunding bonds.
Varenberg told the commissioners the county captured $2,594,514 in savings when it completed the 2020 A/B refinancing and shortened the repayment schedule on that portion of the debt from 2045 to 2039. He also reported a savings of $1,330,065 associated with a…
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