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Altoona council authorizes refinancing of 2016C bonds, projects $1.3 million savings
Summary
The Altoona City Council voted unanimously Dec. 15 to begin refinancing the 2016C Bond Notes; Finance Director Andy Lent said the move is expected to lower interest costs by about $130,000 annually and yield roughly $1.3 million in total savings, with a bond sale scheduled for Jan. 19, 2026.
The Altoona City Council on Dec. 15 voted to begin refinancing the city’s 2016C Bond Notes, a move Finance Director Andy Lent said is aimed at lowering interest costs and reducing the city’s long-term debt service burden.
Lent introduced the proposal at a public hearing, telling the council the refinancing…
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