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TM board OKs bond refi - Vimarsana News

TM board OKs bond refi

SAXTON — Meeting in its voting session Monday evening, the Tussey Mountain school board approved a resolution to refinance its 2017 and 2017A bonds, resulting in a savings for the school district. The motion authorizes the issuance of federally taxable general bonds on a parameters basis to refund the district’s general obligation bonds (subject to the stated minimum savings). The original financing involved improvements to the district schools at Saxton, Defiance and Robertsdale. In January, Audre Bear, public finance investment banking director with Piper/Sandler of Camp Hill, out...