Hazleton Area and Crestwood forecast savings by refinancing bonds
Hazleton Area and Crestwood school districts expect to save more than $2.5 million by refinancing debt while bond rates remain low. In Hazleton, the school board OKâd a refinancing package two months ago that business Manager Robert Krizansky expects will save $2,244,000 and will close Friday. On Thursday, Crestwoodâs board can authorize a deal to save $339,000 by refinancing $6.1 million left on bonds floated six years ago. Since then, the average rate has fallen to 1.39% from 2.73%. Crestwood can still pay off the balance as scheduled in 2030, financial adviser Michael Vind said d...
Source: citizensvoice.com