For Immediate Release
TOWN OF HALFMOON EXPECTS TO SAVE HALFMOON RESIDENTS OVER $600,000
IN ANOTHER REFUNDING OF BONDS
Halfmoon Town Supervisor, Kevin Tollisen, announced today that the Town Board passed a resolution at last Wednesday evening’s Town Board meeting to refund some of the Town’s outstanding bond payments. The resolution authorized the refunding of the 2004 water bonds and 2008 public improvement bonding for projects such as the Halfmoon Town Hall and Halfmoon Town Park. Fiscal Advisors, Inc., who provides financial advice and counseling to the Town, estimated the total budgetary savings on the two Halfmoon bonds to be over $600,000, or 4.5%of the refunded bonds.
Supervisor Tollisen called this another “tremendous cost savings to the residents of the Town of Halfmoon”. Last year, Supervisor Tollisen and the Town Board refunded some of its other bonds, including the Halfmoon portion of the Clifton Park-Halfmoon Library debt, which combined together saved residents $702,197 over the remaining term of the debt.
Supervisor Tollisen furthered that the refunding of the bonds in 2014 and now in 2015, along with the installation of the solar panels energy program, and other projects are the result of a “continuous and aggressive effort of the Halfmoon Town Board to reduce spending while still providing all essential services to Town residents”. Supervisor Tollisen stressed that “in an economy that continues to provide challenges to local government, the Town will continue to explore new ideas and ways to cut costs for Town residents”.
For additional information, please contact the Town Supervisor, Kevin J. Tollisen.
February 24, 2015
for additional information contact:
Supervisor Kevin J. Tollisen x2200