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Finance advisor proposes refinancing 2018 bonds to save roughly $475,000; board to consider in November
Summary
PFM recommended a potential refinancing of the district's 2018 bonds during the finance committee update, estimating about $475,000 in net savings if the board approves parameters in November and the district prices the bonds in early December.
Hatboro-Horsham's finance committee heard a presentation Oct. 13 from financial advisor PFM on a potential refinancing of roughly $10.15 million of the district's outstanding 2018 bonds that, if pursued, would keep the same final maturity and seek roughly $475,000 in net savings.
Garrett Moore of PFM told the committee the district would not extend maturities but would substitute lower interest rates for higher existing rates on the 2018 bonds. "We're simply trading a higher interest rate for a lower interest…
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