Towanda Schools Looking to Refinance Bonds

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.