The Towanda Area School District Board took another step at attempting to refinance bonds that the district took in 2010. At their latest school board meeting, the board voted on a refinancing parameters resolution. The resolution, in short, states that the district will only refinance its bonds if it can achieve a total savings of at least 2%, or $64,000. The earliest a decision to refinance could be made is December 1st. Market rates at that time will decide whether or not the district can reach its new refinancing parameters.
