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County saves $1,222,116.52 over life of bonds

November 19, 2012

MAYVILLE - Chautau-qua County Department of Finance Director Susan Marsh successfully negotiated the refinancing of two Public Improvement Serial Bonds in an effort to reduce the financing costs of this debt. The work resulted in refunding $15,765,000 of debt at lower rates which over the 18-year life of the bonds will cut the costs paid by the taxpayers of Chautauqua County by more than $1.2 million.



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