Created on Wednesday, 12 September 2012 22:32
The Towamencin Supervisors have taken action to save township taxpayers about half-a-million dollars in debt service costs over the next 20-years. They are refinancing the three-point-two million dollar residual of a 2007 bond issue that was used for the Community Pool on Weikel Road. Instead of a conventional bond auction, the money will come from the Delaware Valley Regional Finance Authority. The total township debt including the obligations of the Infrastructure Authority is about 21-million dollars.