Orange County bond refinancing saves $3 million

GOSHEN – Orange County
has refinanced some of its bonds to save taxpayers $3 million over the
life of the bonds.  The county was able to issue its tax-exempt series
of bonds at a 1.537 percent cost.
The bond sale allowed the county to “save considerable amount of tax dollars by taking advantage of favorable interest rates,” said County Finance Commissioner Karin Hablow.
County Executive Steven Neuhaus said the bonds priced on September 8 were “well-received by investors.” He said nine institutional investors participated in the bond sale.