POUGHKEEPSIE – The refinancing of existing Dutchess County bonds at lower interest rates is expected save county taxpayers $93,000 annually for an estimated total of $1.2 million.
County Executive Marcus Molinaro said those bonds are “very attractive in the investment market thanks to our strong AA+ bond rating.” He said the county has “a collective focus on ensuring fiscal stability enabling us to be able to cut our tax levy, rebuild our fund balance and secure one of the top bond ratings in New York State.”
County Legislature Budget and Finance Committee Chairwoman Angela Flesland
said bond refinancing “is one of the key financial management practices
that ensure we are being as efficient and prudent with taxpayer dollars
as possible.
The legislature will consider approving the refinancing at its May session.
