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Debt Refinanced in Towamencin
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.